Regional brokers will have greater access to event cancellation cover from Travelers as the product is expanded from its Lloyd’s syndicate, Syndicate 5000, to its insurance company operation as part of the company’s strategy to leverage its products across both platforms.
The new product from Travelers Insurance Company Ltd. is immediately available and is designed for commercial businesses staging events such as annual general meetings, conferences, trade shows and corporate entertainment;
Alex Clegg, Product Manager, Media & Entertainment at Travelers said,“Although this cover has been available through our syndicate for a couple of years we have seen a growing demand from non-Lloyd’s brokers and regional brokers. By launching a bespoke version of our product through our insurance company operation, we are making our products more accessible for these brokers and progressing the company’s goal of offering a broader range of products to our broker partners and customers.”
Travelers began to write event cancellation cover through its Lloyd’s syndicate in 2009.
