Plum puts growth plans into effect
Plum Underwriting has announced a number of changes, as it pursues growth plans spanning the next two years.
The non-standard household specialist, which was formed in 2002, has relocated its main contact point for open market brokers from Haywards Heath to its London headquarters.
The move will help streamline operations and provide better access to decision makers for brokers.
Plum is also appointing two additional underwriters, details to be announced shortly, and the firm has secured broader access to the London Market, having received authorisation from Lloyd’s to become an accredited broker.
The authorisation is linked to the insurer’s acquisition of sister company, Somerville Market Solutions (SMS), which involved the transfer to Plum of SMS’s business development manager, Steven Bishop, and its Homeworks product.
The group aims to double new business and grow its agency base this year, and is supporting its ambitions with a targeted marketing campaign that should increased demand for its non-standard household product, Flex.
Plum director, David Whitaker, comments: “We believe there is a lack of market solutions for brokers with clients who do not fit the narrow underwriting criteria of standard risk carriers.”
He adds: “The changes announced today very much support our intention to fill that gap and become the non-standard brand of choice in the market.”
Category: Companies News, Employment News, Home Insurance News, Insurance News
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