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Daily Insurance Industry News
Friday 27th of April 2018
April 27, 2011

Bellwood Prestbury gains Lloyd’s Coverholder status

by Brian Turner

Story link: Bellwood Prestbury gains Lloyd’s Coverholder status

As a Lloyd’s Coverholder for worldwide Personal Accident Insurance, global insurance specialist Bellwood Prestbury is now able to write policies for brokers with clients in high risk occupations or high risk countries, anywhere in the world.

Bellwood Prestbury is able to create bespoke Personal Acccident policies that typically cover accidential death, disability and permanent dismemberment and international medical and emergency evacuation cover, valid in even the harshest environments like Iraq, Afghanistan, Libya and Ivory Coast.

The firm has years of experience in this niche marketplace and works in partnership with brokers, advising their clients on the best approach and fully supporting claims if they arise, while opening up new revenue streams for the broker.

Rob Thompson, Director at Bellwood Prestbury says the firm is working with brokers all over the world. “Most brokers get the occasional request for high risk cover outside the ordinary.

Expat cover for an oversees mining operation in DR Congo for example, or individual consultants accepting a contract in a war or terrorist area where standard polices are invalid. Our Coverholder status enables us to quickly create bespoke cover, precisely matching the client’s needs.”

Since Bellwood Prestbury became a Lloyd’s Coverholder in January 2011, the company has provided international Personal Accident cover for many groups and individuals, including:

• Group Personal Accident cover for a NHS psychiatric trauma team training hospital staff in Kabul
• A team of geologists advising the Turkish government, working underground in dangerous conditions
• Charity workers in Afghanistan
• A team of electricians working on a plant in Nigeria, in an area known for terrorist and kidnap activity
• A company involved in quality food auditing, working at Camp Bastion in Afghanistan
• An architect working in Israel
• A hydrologist working on contract in a remote region of Pakistan
• A war artist working on location in Afghanistan

Bellwood Prestbury’s international Personal Accident insurance can cover a specific trip or provide cover over a period of a year or more.

The company can write global Personal Accident insurance to cover someone involved in a high risk occupation travelling to multiple countries, like mining consultants or military IT consultants, or can create policies around specific activity in a single country.

 

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