Case Study: Swift Placement of PL Excess of Loss Coverage

At Servca, we pride ourselves on delivering tailored insurance solutions quickly and efficiently, leveraging our strong market relationships to meet tight deadlines. A recent placement for one of the UK’s largest meter reading contractors exemplifies our ability to respond rapidly to client needs.

Urgent Client Needs

We received an urgent enquiry from one of our brokers, requiring Excess Public Liability (PL) cover for their client. The request involved a significant excess of loss placement of GBP 45,000,000 x GBP 5,000,000. The broker needed terms in place by the end of the week to ensure continued coverage for their client’s operations.

Swift Market Action

Understanding the urgency, our team immediately engaged with our extensive network within the London insurance market. We explored multiple avenues to source competitive terms, co-insuring with three top-tier syndicates. By early afternoon the next day, we had secured a follow line from one of our A-rated London market binders and successfully placed the remainder with leading Lloyd's of London syndicates.

Results Delivered

Thanks to our strong market connections and in-depth expertise, we provided contract certain terms to the broker by the end of the day. The cover was promptly bound over the weekend, ensuring the contractor's operations continued without interruption.

Servca’s Commitment to Our Brokers

This successful placement highlights the critical role of working with a broker who possesses deep market knowledge and connections. At Servca, our ability to move swiftly, combined with our strong relationships with Lloyd’s and other top-rated insurers, allows us to secure optimal outcomes for brokers and their clients, even under tight deadlines.

If you need bespoke insurance solutions delivered with speed and precision, Servca is your trusted partner in navigating the complexities of the Lloyd’s market.

Disclaimer

This article is intended for educational purposes only and does not constitute legal advice. Healthcare providers are encouraged to consult with legal professionals to ensure compliance with applicable laws and regulations regarding professional boundaries and sexual misconduct. Servca disclaims any liability for actions taken based on the information provided in this article.