The second new product in three months strengthens MGA’s offering to brokers.
26 February 2016: As part of the firm’s five year diversification plan Century Underwriting has launched a Professional indemnity and D&O service to accompany its existing Property Owners and Motor Fleet business units.
Partnering with the A+ rated insurer, Arch, the products are targeted at companies and partnerships with annual turnover of up to £100m making it appropriate for the majority of local businesses.
John Levett, an existing member of the Century management team with 5 years’ experience in underwriting professional risks, will lead the new UK Professions division.
Guy Fraser, Managing Director of Century Underwriting, said: “Our new UK Professions division is part of a diversification strategy to bring new resources to our brokers. Our ability to develop coverages with a specialist A rated insurer has created a fresh market for many of our regional supporters.”
Guy Fraser continues: “Century will continue to grow our range of products with experienced capacity partners alongside our specialist focus on commercial motor.”
Notes to editors
Guy Fraser at Century Underwriting on firstname.lastname@example.org or 07775 039495
John Levett at Century Underwriting on email@example.com or 01245 206811
About Century Underwriting Ltd
Launched in 2014 following the management buyout of RUP Commercial from its limited liability partnership (formed in 2011), Century Underwriting is a broker only specialist commercial fleet underwriting agency aimed at providing a one stop shop for fleet operators – providing them with all the insurance and insurance related products they require.
With it offers general commercial motor and specialises in Haulage and Courier fleets. Its underwriters look to add value to the purchase of insurance by spending the time to look at each specific account, understanding the exposure, finding ways to mitigate future losses and ultimately finding solutions to clients’ problems.