The latest from Arch for you;
Arch Insurance International (Arch) today announced the launch of a new Intellectual Property (IP) Consortium at Lloyd’s, created in response to growing client demand for increased capacity and more comprehensive IP solutions.
Arch will act as the lead underwriter for the consortium, which is supported by Lloyd’s syndicates including AXIS, Everest, Hamilton, Probitas – Aviva’s Lloyd’s syndicate, QBE, SCOR and The Hartford.
The new market initiative offers a broad suite of coverage across three core areas: Infringement Liability, IP Rights Protection and IP Rights Enforcement and provides up to US$40 million in line size. It is designed to serve businesses of all sizes across a wide range of sectors, including energy, life sciences, manufacturing and software.
Brokers will benefit from greater speed, simplicity and efficiency of placement through a single point of contact and a unified claims handling process. All claims will be managed by Arch’s Third Party Claims team, bringing decades of experience across a broad spectrum of complex claims.
Ian Lewis, Head of Intangible Assets, said: “We are proud to bring together this specialist consortium to support what is a rapidly growing and increasingly important class of business. This initiative demonstrates the strength of the Lloyd’s market in delivering meaningful capacity and specialised IP coverages for the expanding needs of businesses. By combining significant limits with deep underwriting expertise and claims capabilities, we can deliver comprehensive, tailored solutions that reflect the critical value of our clients’ intangible assets.”
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