​Arch Insurance International launches new IP consortium at Lloyd’s

Arch Insurance International has launched a new intellectual property (IP) consortium at Lloyd’s.

Arch will act as the lead underwriter for the consortium, which is supported by Lloyd’s syndicates Axis, Everest, Hamilton, Probitas, QBE, Scor and The Hartford.

The new market initiative offers coverage across three core areas –infringement liability, IP rights protection and IP rights enforcement.

It is designed to serve businesses of all sizes across a range of sectors, including energy, life sciences, manufacturing and software.

All claims will be managed by Arch’s third party claims team.

Growing demand

The consortium has been created in response to growing client demand for increased capacity and more comprehensive IP solutions.

Ian Lewis, head of intangible assets, said: “We are proud to bring together this specialist consortium to support what is a rapidly growing and increasingly important class of business.

”This initiative demonstrates the strength of the Lloyd’s market in delivering meaningful capacity and specialised IP coverages for the expanding needs of businesses. By combining significant limits with deep underwriting expertise and claims capabilities, we can deliver comprehensive, tailored solutions that reflect the critical value of our clients’ intangible assets.”