Underwriting agency’s new London broking team to place risks for regional brokers
Commercial underwriting agency APC has launched a London market broking team to place risks for regional brokers than cannot be dealt with under its regular binding authorities.
The new team, APC London Markets, will place a wide range of risks including property, casualty, professional indemnity and directors’ and officers’ liability with both Lloyd’s and London company market insurers.
Geographically, the team will cover the majority of UK, European and international risk locations.
APC achieved Lloyd’s broker accreditation in September 2009, but so far has not used the facility to place risks for its regional brokers.
The new team will be headed by Ian Ashworth (pictured), who joins APC from rival Lloyd’s broker/MGA Holman’s, where he was a senior broker.
The team also includes Tom Murray, previously divisional director at Bowood and Mark Russell who moves internally from APC Underwriting.
APC director Ian Russell said: “While our binders enable us to place a wide range of risks immediately, we have seen a growing demand from our brokers that would like to use us for other business.
“By launching APC London Markets our supporting brokers will now have access to a one stop shop for securing cover for all aspects of their client’s operation, with a very experienced team to back it up. We have enhanced our-line trading platform to accept submissions in less than a minute, the London Market team will do the rest.”