Covéa partners with iFarm Underwriting on mini-fleet product

The new offering is available to brokers specialising in rural businesses and agriculture.

Covéa Insurance and iFarm Underwriting have entered a strategic partnership for motor fleets targeting rural businesses.

iFarm, which is part of specialist managing general agent (MGA) Imperium Insurance Management, stated that the arrangement will give its agricultural brokers a “competitive edge” in the smaller fleet space of between two and 15 vehicles.

Alun Roberts, managing director of iFarm, noted that it was the MGA’s mission to create a purpose built quote, buy and bind intuitive platform with a suite of agricultural products focused around country life.

He added: “The lifeblood of the product is to avoid urban areas by selecting country postcodes and targeting rural family run businesses, giving consideration to occupations such as builders, electricians and the like.”

Gavin Dollings, director of commercial underwriting at Covéa, stated: “iFarm has established a market reputation for exceptional service delivery and a customer-centric culture, which dovetails our own strategic goals.”

According to the MGA iFarm and sister brand iSure Underwriting have launched a number of products in recent months in the UK and Irish markets.

For further information, please contact the iFarm Team: +44 (0) 20 3818 8061 or email enquiries@ifarmunderwriting.co.uk

ConsiliumRe targets LatAm expansion with Miami hub

ConsiliumRe the International Facultative division of Direct Insurance Group Plc, an international specialty Lloyd’s broker; has today announced its intentions to expand its operation into Miami, servicing the needs of the Latin American market.

The London based Reinsurance Broker has had significant traction in the region since its formation 18 months ago. Fernando Rojas Castillo, Head of International Facultative Reinsurance, will spearhead the US operation, based from its new Miami headquarters. Rojas Castillo’s remit will initially be to grow the team over the forthcoming months whilst also adding new product lines to the existing book.

‘Our Miami office will become the gateway to Latin America, and so makes sense that we not only build our presence within the region, but also offer other lines of business, that are becoming more relevant for Latin America,’ says David Bearman, CEO of Direct Insurance Group Plc ‘We already have a strong branch network in Latin America, extensive relationships with carriers and a global placement capability. Combined with our global knowledge and experience, the Miami expansion is the perfect hub to enable further growth with both existing and new clients; opening up many new potential opportunities for the future.”

Fernando joined ConsiliumRe in 2017, bringing with him an impressive set of credentials to underpin the Miami opening; with over 25 years’ experience in the Reinsurance market. Commenting on his new role Fernando says: ‘Miami, is the principal access point for Latin American business. We intend to produce business in all classes of insurance where there is Latin American appetite; using our proximity to the territory and the contacts and knowledge we have in the region.”

ConsiliumRe places Property, Casualty, Financial Risks, Energy & Marine (including Super Yachts), and Group Personal Accident (including crew PA) Facultative reinsurance business located worldwide.

For further information, please contact; fernando.rojasc@consiliumre.com or visit www.consiliumre.com