Brokers, there’s a new policy from Stride Insurance Group to be exclusively distributed by delegated authority.
Underwritten by global insurer Hiscox, the property owners insurance is targeted at mid-market residential and retail property portfolios. The scheme, described as competitively priced, promises to offer “broad and dependable” cover for all risks.
“Hiscox is delighted to be working with Stride to launch a bespoke scheme for commercial and residential property owners,” stated Samantha Newman (pictured), regional manager for Maidenhead at Hiscox UK & Ireland.
“We feel there is scope for a new insurer in this space and Stride’s experience and reputation in this sector made them the natural choice of partner. The team at Hiscox is already working on new ideas to further develop this scheme with Stride.”
With its expertise in the property owners market, Stride caters to a network of more than 400 broker agents in the UK. The specialist wholesale provider said the new binder will give brokers the opportunity to place their property owners risks with one of the best-known names in insurance.
“We are really excited to be working with one of the most highly respected insurers in the industry in Hiscox,” commented Stride commercial manager Claire Harris. “Together we have developed a competitive product that should have real cut-through in the market, available exclusively through Stride.
“For the first time, brokers will be able to offer the strength of the Hiscox brand and claims service to their portfolio-owning clients. As a trusted brand with an excellent reputation, we really enjoy working with Hiscox and have further plans to collaborate in future.”
Meanwhile Stride broking manager Alan Plaiter noted that they wanted the policy wording to be as clear, jargon-free, and brief as possible.
“For example, we clarified the property damage section by focusing on the exclusions rather than insured perils,” explained Plaiter. “The wording simply states what is not covered and includes everything else, saving several pages of terms to wade through.”
