The managing general agency specialises in contracting trades

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Yutree Underwriting, a division of broker Yutree Insurance, is launching a new binding authority liability product backed by Endurance Lloyd’s Syndicate 5151.

With the increased capacity, Yutree said it would be able to offer a fast turnaround on exclusive liability quotations.

Yutree Underwriting, which was launched in 2012, specialises in contracting trades and is one of Biba’s chosen scheme providers for more general trades.

Endurance senior vice president and head of international liability insurance Giles Quartly said: “We are delighted to partner with Yutree on this UK based liability facility.

“Yutree are clearly focused on underwriting quality business via an extremely strong service proposition to their brokers. Yutree’s business model and underwriting philosophy, along with their Biba endorsement, provide an attractive distribution opportunity for Endurance. We look forward to working with them.”

Yutree director Laura High added: “This is the biggest deal that we have done since we launched our business in 2012. We are hugely excited about the opportunities that it presents.

“We will be able to quote on more of our brokers’ business with a competitive and market leading product and service offering. This is a fantastic deal for us and for Endurance.”