XL launches new combined product for UK businesses
The XL Group has launched a new combined product incorporating liability, property and business interruption covers.
XL Commercial Advance, for UK businesses with a turnover of up to £250m, combines cover for property, business interruption, money, employers’, public and products’ liability and other extensions.
It is aimed at a wide range of industries from manufacturing and engineering through to retail, leisure and real estate.
The policy incorporates a “Back to Business” clause which pays up to a maximum of £5m shortly after the loss, with 50% of the estimate of a property damage claim and a defined amount
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Aviva gives e-trade brokers commission flex up to 35%
Aviva has written to brokers that use its own e-trading platform Fast Trade – as well as Acturis E-Trade – telling them they can set their own commission rates within set parameters, Insurance Age has learned.
Markel appoints Nicola Cunliffe to drive broker trading
Markel has named Nicola Cunliffe as head of trading in the UK, with responsibility for brokers’ experience when dealing with the insurer.
Flood Re names Perry Thomas as CEO
Flood Re has appointed Perry Thomas as CEO succeeding Stuart Logue, who has been leading the organisation on an interim basis since last August.
Meet the MGA: Carrow Insurance
Looking to mend the disconnect between MGAs and carriers to get back to the ‘win-win situation’ where consistency and partnerships are a focus, Carrow Insurance will only write in product areas it has deep-seated expertise, CEO Ronan Conboy tells Jonathan Swift.
Allianz planning new regional broker office in 2025, says Holmes
Allianz has plans for a new branch in 2025, UK CEO Colm Holmes told Insurance Age, as he highlighted the provider’s commitment to regional underwriting.
Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role.
FCA and PRA committed to driving competition and innovation
The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year.
Allianz UK boosts GWP in 2024 as operating profit up 52%
Allianz UK has reported a 5.5% rise in total business volume last year to £4.66bn with profit surging ahead.