Working in partnership to place a global complex insurance programme

Solution

At the next renewal, Jason and Stuart put their plan into action and at this point Jason engaged with Kevin White, Account Director at SRI. SRI have a vast amount of experience working with global insurance markets and this was paramount to ensuring Stuart had the most comprehensive insurance coverage which captured all elements of risk across the regions they operated in.

Following a detailed review of the Group’s insurances, which involved an in-depth gap analysis of the existing policy wordings, Kevin carried out an extensive marketing exercise which included London, US, and Asian markets.

Outcome

The team at SRI utilised their Worldwide Broker Network membership relations to ensure that the current insurers were advised of Hamilton Leigh being the newly appointed broker, and to formalise this appointment and access local markets in the US for the Professional Indemnity (PI) and Cyber policies.

Working in partnership with their US markets, SRI were able to secure continuous Cyber cover, with broader worldwide coverage at a competitive rate. Similarly with the PI and Directors’ and Officers’ (D&O) policies, SRI negotiated competitive premium rates with insurers in the name of the umbrella company, which was based in the British Virgin Islands, ensuring global cover for the entire group.