Trilogy Launches UK construction product with Great American International Insurance DAC as capacity provider
London, 26 February 2019, Trilogy Managing General Agents Ltd (Trilogy), today announces the launch of its new UK construction product, with capacity provided by Great American International Insurance DAC.
The new UK construction product features high policy limits of up to £10,000,000, offering comprehensive cover (contact works, owned and hired in plant) for most building, civil and engineering trades operating in the UK construction sector. Significant casualty cover is also available via our panel of insurers.
Trilogy has a strong appetite for UK construction risks and sees excellent opportunities to deliver its technical underwriting capabilities to the sector. UK construction has experienced a contraction in the capacity available from existing carriers in the class, driven by a number of factors including pressures in the Lloyd’s market and the fallout from significant non-UK losses.
Simon Stokoe, Trilogy’s Strategic Development Manager, commented, “In developing our UK construction product, we are responding to a real market need and delivering the products our brokers want. We see real opportunities where we can deploy our technical underwriting skills and knowledge to add real value to the market. Working alongside high quality capacity providers like Great American, I expect Trilogy to be making more announcements of new partnerships and product offerings throughout the year.”
Alec McFarlane, UK Construction Underwriting Manager, Great American International Insurance DAC added, “Great American is delighted to be working with Trilogy to bring this comprehensive UK construction solution to the market. Trilogy has an outstanding underwriting team able to offer to the highest service standards and we have no doubt there will be significant demand for this product.”
Trilogy Managing General Agents Ltd
Trilogy MGA Ltd, is an underwriting led managing general agent and Lloyd’s coverholder, underwriting a wide range of classes of business including community and education, contractors, distribution and supply, engineers, food and drink, leisure, manufacturers, non-manual and services, processors, property owners, transport and woodworkers. Trilogy works with a panel of insurers that include Great American, Brit and other Lloyd’s syndicates to offer A+ rated cover.
Great American International Insurance DAC
Great American International Insurance DAC is part of the Great American Insurance Group whose roots go back to 1872 with the founding of its flagship company Great American Insurance Company, a company that has carried an “A” rating or higher by A.M. Best for over 100 years*. As part of Great American’s International Division, they are proud to offer quality insurance products, superior customer service and a history of financial strength.
Great American International Insurance DAC is authorised and regulated by the Central Bank of Ireland and registered in Ireland at Station House, Dublin Road, Malahide, Co Dublin, Ireland. Company Registration Number 380145. In respect of business in the United Kingdom, Great American International Insurance DAC is regulated by the Financial Conduct Authority (number 402274) for conduct of business rules. This can be confirmed at http://www.fca.org.uk/register or by contacting the Financial Conduct Authority on 0800 111 6768.
Great American International Insurance DAC is currently A+ rated by Standard & Poor’s**.
*A.M. Best rating reaffirmed 17th August 2018
**Standard & Poor’s rating affirmed 23rd February 2018
For more information please contact:
Sam Whiteley at Free Partners
020 7787 3001