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In 2015, agricultural employment in Wales was 4.07% greater than the national average. With a far greater impact on Welsh employment than other parts of the UK, the Welsh government must carefully consider new strategies and polices for the industry following the the UK’s decision to leave the EU. Dedicated to supporting rural people, life and businesses in Wales, FUW Insurance Services, a wholly owned subsidiary of the Farmers’ Union of Wales, possesses the specialist knowledge to properly navigate the insurance needs of the agricultural sector. By working with agricultural and commercial insurance companies, FUW provides personalised services and the cover necessary to protect individuals and their properties and businesses. Working closely with a panel of specialist agricultural and commercial insurance companies, FUW has access to a wide range of market-leading products and delivers great value for money for its policyholders. As the company is a subsidiary of the Farmers’ Union of Wales, all of FUW’s profits go directly towards funding the activities of the union, such as its work in shaping agricultural policy for the benefit of Welsh farmers.

Since its inception, Coachline Insurance Services has built its reputation exclusively in the coach, minibus and commercial vehicle sector, handling single, multi-vehicle and fleet risks. In more recent years, the increase in personal injury claims and ‘crash for cash’ incidents has had an adverse effect on policyholder premiums, with large increases being applied at renewal, says Phill Cutting, senior technician at Coachline. By closely monitoring trade and insurance press and business publications, as well as speaking to customers on a regular basis and attending industry events, the experts at Coachline have been able to stay ahead of industry trends and changes. “The bus and coach insurance



Sentinel Insurance Solutions addresses the risk needs of the self-drive hire industry. With a GWP of approximately $6m, it considers itself a market leader in this field, extending highly competitive arrangements with flexible payment options, coupled with a personal touch. Services include providing hirer qualification advice, overseas rental documents and manuals for rental staff, and claims support and assistance.


Hera Indemnity, an independent and specialist Lloyd’s broker based in London, provides the professional services sector with professional indemnity insurance. It also offers cyber risk insurance underwritten specifically for the legal profession.

Phill Cutting, senior technician sector has been hit by the increase in IPT and the effect of the Ogden rate change,” Cutting says. “Coachline has reacted to the Ogden rate increase and the change in IPT by producing help guides and videos to keep our customers updated on how these changes may affect them.”

“With very sophisticated cyber-attacks growing to unprecedented levels, most professional firms do not have cyber risk insurance that will provide financial support and protection following a cyberattack,” says John Kilmartin, head of marketing. “This is a vital new line of insurance cover that professional firms and other organisations need to protect their businesses. “Traditional professional indemnity and management liability insurance policies are not designed to cover these new and evolving cyber risks. Specialist cyber insurance is now an essential part of an organisation’s armoury against phishing emails, online fraud and extortion.” By working closely with RSA Insurance, Hera Indemnity offers the legal profession effective and market-leading cyber risk insurance and crime protection products to mitigate these risks.


Insurance Business UK 2.04  

Specialty Brokerages 2017

Insurance Business UK 2.04  

Specialty Brokerages 2017