The commercial underwriter has added excess of loss public liability to its portfolio, the new contract is provided by Allianz
Commercial underwriter Evolution has added excess of loss public liability to its portfolio of online products.
Capacity for the new contract is provided by Allianz.
Evolution said, the facility enables it to quote ground up limits of up to £10m for its SME clients and also gives brokers greater choice when placing stand alone covers where primary layers cannot be extended.
Speaking about the launch Paul Upton, Evolution's chief underwriting officer said: "Excess of Loss is perfectly suited to the e-trading environment in which Evolution operates. We continue to look for ways of making things easier and more profitable for our hand picked panel of brokers and this brings all our usual slick operating features together with the security of a major European Insurer partner."
Steve Coates, head of property and casualty at Allianz said: "I am really pleased to be extending our relationship with Evolution. Excess of Loss is a target class for Allianz and it makes perfect sense for us to work with Evolution where their trading platform and distribution base offers good opportunities for premium volume and operational efficiencies."