News from Yutree

There has been a lot happening at Yutree recently. Here’s a quick round up for you:

Lloyd’s of London coverholder approval 

Since launching our underwriting business 3 years ago we have worked to build a solid foundation upon which to grow. We have worked with our insurer partners to build profitable accounts and trust in our ethos which represents transparency, longevity and security.

We were delighted, yesterday, to receive our coverholder approval from Lloyd’s of London and we are honoured to join their global network of underwriters.

More to follow in terms of how this will improve the service that we can offer to you.

“In the 17th century, London’s importance as a trade centre led to an increasing demand for ship and cargo insurance. Edward Lloyd’s coffee house became recognised as the place for obtaining marine insurance and this is where the Lloyd’s that we know today began.

From those beginnings in a coffee house in 1688, Lloyd’s has been a pioneer in insurance and has grown over 325 years to become the world’s leading market for specialist insurance.” – Lloyd’s of London

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The British Insurance Brokers’ Association (BIBA) appoints Yutree as it’s preferred provider of liability insurance

We are also excited to announce that BIBA has appointed Yutree Underwriting to provide a new liability insurance scheme for its members. BIBA members will benefit from enhanced commission on this facility along with exclusivity, flexible underwriting and A rated security. The official launch is 1st September so more to follow next week. We are delighted with this endorsement from our trade association and look forward to working with more BIBA members.

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“The BIBA Schemes Collection provides members with a wide range of first-class insurance products. They cover many of your customers’ most important needs, at extremely competitive prices. Easy to sell, they give you new opportunities to enhance your profits and take your business to new levels of success.” – BIBA

New insurer for Contractors All Risks and Plant

And finally, the underwriter on our existing Montpelier facility has recently moved to Brit Syndicate at Lloyd’s. We have agreed that the existing book will be taken over by Brit with immediate effect. Renewals will be invited on the facility with full details of the new consortium. Claims will continue to be paid by Montpelier during the 12 month run-off.

This product is for contractors all risks business of any size including plant which can also be written stand-alone if required.

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If you would like to talk to us about any of the above, please feel free to give me a call on 01638 675992, 07712 427988 or e-mail me at laura.high@yutree.com

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