Yutree Underwriting, a division of young commercial insurance brokerage Yutree Insurance, has launched a new binding authority liability product backed by Endurance Lloyd’s Syndicate 5151.
Yutree has partnered with Endurance to provide a flexible solution for all of its employers, public and product liability businesses.
With an increased capacity and with full binding authority, Yutree said it can offer a fast turnaround on exclusive liability quotations.
A wide range of trades can be accommodated on the new facility with market-leading cover and with the strong financial backing of Lloyd’s.
“This is the biggest deal that we have done since we launched our business in 2012,” said Yutree director Laura High. “We are hugely excited about the opportunities that it presents.”
“We will be able to quote on more of our brokers’ business with a competitive and market leading product and service offering. This is a fantastic deal for us and for Endurance,” she added.
Giles Quartly, head of international liability at Endurance, said Yutree provides an “attractive distribution opportunity” for the insurer.
“We are delighted to partner with Yutree on this UK based liability facility,” Quartly said.
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