Insurance:
Individual Risks Property - United Kingdom
Overview
The Individual Risks Property (IRP) Team underwrites individual property risks for UK companies with a focus on clients that demonstrate a compelling risk management capability.
We are committed to achieving industry best practice in servicing brokers’ and clients’ needs.
Visit Individual Risks Property – International and All Risks Property – United States for information on our services for international and US based clients.
Target Clients
Customer Segment Definition
UK companies that:
- are disposed to take and improve risk through agreed deductible and risk management program
- can potentially buy property separately from casualty
- are with assets principally in the UK
Target Markets
We underwrite property risks arising out of most trade sectors including:
- Manufacturing industry: engineering, chemicals, electronics, printing, paper, food preparation, ceramics and plastics
- Transport, haulage and storage
- Electricity, gas and water supply
- Wholesale, retail, finance, healthcare and leisure
Our non-target markets are organisations in the following sectors: local authorities, housing authorities.
Product
Capacity
- Endurance's maximum available capacity without recourse to facultative reinsurance or one - off internal reinsurance- £35m
- Endurance's maximum available capacity including usual facultative reinsurance or internal resources – tailored to each risk
Minimum Premium
- Minimum premium £10,000
Minimum Deductible
- £1,000
Policy Forms
- Endurance Combined Property Damage and Business Interruption wording
Coverage Features
- All risks wording with the ability to tailor to client’s requirements
Underwriting Capabilities - We can participate in scheduled risks – lead or follow on a primary or excess basis
- Ability to write most types of construction
- Technical approach to underwriting – use of sophisticated risk evaluation tools
- Ability to offer exclusive quotations
- Offer full Risk Management services
- Will contribute to a Risk Management fund for select clients/risks
- Ability to offer guaranteed – rate deals for more than 12 months duration for select clients/risks
Submission Requirements
- We are comfortable in offering indicative terms to brokers/clients using a basic level of underwriting information. We will expect however to receive full risk information to offer a complete quotation.
Risk Engineering
- Assistance in identifying and reducing risk exposures through our industry experienced risk engineers
- Identification of risks specific to client’s business sector supported by knowledge of trends in their industry
- Rewards for risk improvements in reduced premiums – direct link to the underwriting process
Claims
- Direct dial access to claims managers and handlers who deal with the claim from notification to settlement
- Experienced team engages with clients to understand and create the claims process around their requirements
- Claims team works alongside the underwriters
Download printable brochure for additional information. [PDF]
Contact Information
Andy Brooks
Head of Insurance Underwriting, UK
Endurance Worldwide Insurance Limited
abrooks@enduranceww.com
+44 (0) 20 7337 2815
Location:
Endurance Worldwide Insurance Limited
4th Floor, 2 Minster Court
London, EC3R 7BB
Tel No. +44 (0) 20 7337 2800
Fax No. +44 (0) 20 7337 2900