insurancepeople
Late News
ACEUKlaunches multi-line products A
CE UK has launched a suite of multi-line products
targeting medium to large sized businesses in four industry sectors - professional companies or partnerships with one or more overseas branches, retailers, hotel groups, and machinery manufacturers.
The new products are designed to offer a range of covers reflecting the specific needs and buying patterns of clients in these sectors.
ACE Retail is a comprehensive product providing cover for traditional risks and also new and emerging exposures such as data
and network security failure, and also addresses risk management and supply chain protection issues.
ACE Hotel targets mid- corporate to larger sized hotels and hotel chains, with cover including providing alternative accommodation for guests or the adverse effects of outbreaks of notifiable diseases.
ACE Machinery Manufacturer, as well as offering property, BI, EL and PL sections, includes industry specific covers such as financial loss and recall expenses. ACE Evolve Professional Offices offers comprehensive
Open GI online quote- and-buy forSMEs
O
pen GI has launched eBroker for Open Trader, a new online quote and buy initiative which enables brokers to sell SME products to clients online. The full-cycle solution uses
Open Trader, Open GI’s commercial trading platform, to provide comparative quotes from a range of insurers. Open GI’s e- commerce team will handle the web design and integration process. Currently covered are Property Owners and Tradesman products, but others will follow through the year.
Simon Hughes, Sales and Marketing Director for Open GI, believes the online SME market represents huge growth potential for brokers. He says, “Extending our e-commerce technology with a business-to-consumer SME trading solution is a huge step forward. In a recent survey 87% of Open GI brokers stated that they would be interested in providing commercial quotes online. These results clearly indicate brokers’ willingness to be proactive in responding to a change in the market.”
cover for a range of property, liability and other emerging risks faced by professional businesses with one or more overseas branches. Pat Drinan, Head of Corporate Risk, ACE UK and Ireland, says, “These products are an important part of the drive to align ACE’s business with the needs of our brokers and their clients; affirming our position as a true market leader in the provision of wide- ranging cover for medium to large sized corporate clients. “The launch of our new suite of multi-line products, accessed from ACE’s 11 UK and Ireland
Pat Drinan
branch offices, enables brokers to more accurately meet the rapidly changing needs of their larger clients.”
GAB Robins launches broker services
A
t the BIBA conference in London GAB Robins launched a suite of broker services “to help intermediaries work more efficiently and enhance the standard of their claims services for their clients”. Using GAB Robins’ EYE Claims system, brokers can access claims data online and receive bespoke management information, intended to enable
them to respond more quickly to clients with accurate data and reduce costs and delays in the process.
The company has also strengthened its telephone- based account management system giving brokers a dedicated, single point of contact for every claim with a co- ordinated approach, responding to broker feedback.
rofessional indemnity underwriting agency DUAL Corporate Risks has secured new capacity for underwriting brokers’ professional indemnity cover. The £5 million liability capacity, provided by AmTrust Group, is available for Lloyd’s brokers and also for UK and international brokers with incomes in excess of £5 million.
Jennifer Martin, Underwriting Director at DUAL, who joined the
2 insurancepeople JUNE 2010
DUAL broker PI facility P
company this year from Brit Insurance and has more than 20 years’ market experience, says, “Many brokers now place their own cover directly in contrast to using a specialist broker and I have developed a strong connection with many of the brokers in this market over the years. Our approach at DUAL will be to underwrite brokers individually, evaluating the risks on a case-by-case basis.”
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