Commercial insurance underwriting agency APC has made a senior appointment to launch into the UK directors and officers market online.
Andrew Coleman joins APC as D&O underwriter to build APC’s UK D&O book of business. Coleman brings 20 years experience as a broker and underwriter, in both the U.S. and UK markets, and joins from Navigators Syndicate at Lloyd’s where he was D&O class underwriter.
Brokers will be able to access D&O via APC’s on-line trading platform QuoteMac. The new product has been designed to be the quickest and easiest product in the market with estimated quotation times of under two minutes.
APC underwriting director Ian Russell said: “We are extremely pleased to have secured someone of Andy’s experience to provide essential D&O cover to SMEs. The product has been designed from scratch and, because brokers have access to it online means time-pressed small businesses don’t have to go through lengthy processes to obtain it. We feel the time is right for a quick and easy UK D&O product that also provides comprehensive cover.”
“Recent high-profile cases and the prospect of litigation for an increasing number of reasons have highlighted the importance of D&O to SMEs, and they are starting to recognise this and seek protection. However when researching the market, during the product development stage, we found there are very few products available online and SMEs are currently underserved in this area.”
“APC is looking to fill that gap for SMEs and brokers with a specifically designed product that is quickly obtainable.”
