Pioneer launches financial lines product
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has launched its comprehensive financial lines product aimed at property investment managers.
The product is designed not only to cover investment management activities and be compliant with the Alternative Investment Fund Manager Directive, but also to provide property manager cover on an ‘any one claim’ basis, according to Pioneer.
The property manager cover also complies with the UK’s Royal Institute of Chartered Surveyors (‘RICS’) insurance requirements and, the product is suitable for all operational elements of investment in property portfolios including tenancy management, rent collection, maintenance or other services, according to Pioneer.
“By combining the expertise of our Financial Institutions and Commercial Professional Indemnity teams we have been able to deliver a comprehensive product to our clients,” said Darren Doherty, chief executive officer of Pioneer.
“This is evidence of how our focus on expert underwriting and a collegiate approach to business development is driving the successful growth and innovation that is powering Pioneer forward.”
Richard Coello, head of financial institutions underwriting at Pioneer, added: “Pioneer has championed product innovation relevant to our specialist investment management broker and client community.
“By accessing the depth of its skill and market knowledge Pioneer has been able to develop a truly comprehensive solution, specific to the needs of this substantial but underserved segment of the investment management sector.”
