Gallagher extends smart follow facility to include power risks

Gallagher has launched a new multiline portfolio tracker proposition as an expansion of its Evolve placement strategy.

Backed by capacity from Lloyd’s syndicates, the new Evolve power facility offers automatic, immediate and bespoke coverage for conventional power clients globally. 

Jon Parker, chairman of power at Gallagher, said: “The new Evolve power facility is great for our clients as it provides a streamlined solution for placement of follow lines and gives access to accretive Lloyd’s capacity not available in the open market.   

“As long as the risks meet a simple set of acceptance criteria, Evolve will unlock additional automatic follow capacity, allowing our brokers to focus on driving the best deal on open market lines for our power clients.”

Evolve

Launched in February this year, Evolve additionally offers coverage for a broad range of industries and geographies across various classes of business, including US and international property, casualty, accident and health and bloodstock and aquaculture.

Powered by InsurX’s smart follow technology, brokers at Gallagher can get quotes from insurer partners in minutes with a single email.

Parker said: “Evolve provides significant benefits to Gallagher clients and provides a platform for further growth for both Gallagher and the insurers involved and we are excited to bring the ensuing benefits of this partnership to our power clients.”