Specialist underwriter Q Underwriting has at this time confirmed that your entire enterprise will come collectively underneath the one model of Q Underwriting, with a refreshed identification, from September 06. The transfer will see the retirement of its legacy buying and selling manufacturers aQmen Underwriting, TFP Schemes and Thistle Underwriting from this date.
In a Press launch, the group famous that during the last three years, each insurers and brokers have commented that the vary of manufacturers operated by Q Underwriting, and their various specialisms, may be unclear. Q Underwriting supplies insurers with each distribution and experience, whereas providing brokers entry to an array of specialist industrial insurance coverage merchandise. The discharge acknowledged that by presenting its proposition to the market underneath a single model, these advantages will probably be “clarified and maximised” for each events.
Bernard Mageean, CEO of Q Underwriting, highlighted that the division was launched virtually three years in the past as a house for a number of area of interest industrial underwriting manufacturers. Since then, he mentioned, the organisation has grown, and the Q model has taken centre stage as a key driver for that progress.
“For instance, we constructed a single portal to provide the market a single view of Q and to assist brokers entry the vary of merchandise we provide in a single place,” he mentioned “We helped our dealer companions all through COVID with a Q Underwriting gross sales and growth crew supporting our underwriting groups; we launched a central managing common underwriter and acquired in new capability which now trades underneath the Q identify; and, importantly, we have now developed a status as specialist, sturdy and dependable underneath the Q Underwriting identify.”
Mageean added that he’s “exceptionally proud” of the heritage supplied by its legacy buying and selling manufacturers and equally excited in regards to the future, and the benefits the transfer in direction of a unified Q Underwriting will convey to its buying and selling companions.
The rebranding will probably be efficient for brand spanking new enterprise and renewals issued after September 06. For mid-term insurance policies, rebranding will happen at renewal, moderately than as a part of any mid-term adjustment, to minimise disruption to policyholders. Q Underwriting emphasised that there is no such thing as a motion required on behalf of brokers or policyholders, and there was no change to Q Underwriting’s product providing past the branding.