Posted on 13th January 2016
BC Underwriting expands PI team
BC Underwriting, part of the fast-growing BC insurance group based in Burgess Hill, West Sussex, is delighted to welcome Louise Redmond to its professional indemnity team.
Louise has more than 15 years of professional indemnity (PI) underwriting experience and a wealth of industry knowledge, gained previously with Axa, QBE and AIG.
She joins the team as a Senior PI Underwriter, responsible for managing and running the PI binding authorities.
BC Underwriting, set up three years ago, aims to achieve £5m PI gross written premium (GWP) in the next 18 months by targeting small and medium businesses with imaginative products, service and commission levels that allow it to compete with major players in the market.
Louise said: ‘I am delighted to have joined BC Underwriting at such a key stage in their development. They have got off to a terrific start and going forward I can see lots of exciting new opportunities to grow our book.
“New exclusive binder arrangements are in the pipeline to complement our existing facilities as well as access to other well-known markets, including Lloyds. We want to create a fantastic proposition to offer our brokers and I am looking to work closely with our panel insurers to ensure it happens and bring new ones on board as we see fit.
“We are very much an underwriting agency with empowerment to write Professional Indemnity business on behalf of our insurers and this, of course, means our brokers will receive a quick turnaround on submissions sent to us, whether it be a book transfer, transactional business or those difficult-to-place risks where the broker needs their hand holding and some expert guidance.’
Louise, who is based in Leeds and will be developing broker relationships in her region, joins the existing PI team of Tom Stripp (MD) Jeremy Anderson (Head of PI) and Mark Gibbs (PI Account Handler), who have worked tirelessly to get the book where it is today.
Tom Stripp, MD of BC Underwriting says: ‘Louise is the perfect addition to the team and her experience and track record made the hire a no-brainer. PI is still a niche product, which requires highly experienced individuals to ensure a well-run, serviced and profitable book and this wouldn’t be possible without a dedicated and experienced underwriter. Louise’s professionalism and dedication is key to our growth and sustainability.’
In her spare time, Louise, who is married with a young daughter, is actively involved in Learning Partnerships, an Leeds-based education and training trust that works with children, young people and adults with additional needs.
"“We have been members of BHBPA from its inception, and seen the organisation steadily grow and expand into the dynamic entity it is today, bringing positive benefits to all its members.""
"This association was started with a lot of effort from a few local businessmen and has proved to be a very powerful and useful tool for our business. The BHBPA has influence at the top level; when action is needed, the BHBPA gets it done. We are kept in touch with all that is happening on our doorstep and will often act because of what is published in the weekly emails / newsletters."
"“Sutton Winson have been members of the BHBPA for around 7 years. We have found it a great way to keep in touch with Burgess Hill businesses and to meet with likeminded people. It’s not just another “networking” group, as it tackles the real issues and gets things done”"
"“I can’t speak highly enough of the BHBPA. As a small local business we feel very much part of a community and thoroughly enjoy the annual exhibition and meetings throughout the year. Over the years we have built fantastic working relationships with many BHBPA members and every meeting and event offers us opportunities to work with more. This is networking at its best! ” "