Cavere appoint RSA to underwrite its “Cavere Home” Insurance product – RSA
(London): RSA today announced that Cavere Insurance has appointed the business as the sole underwriter for one of the Cavere Home insurance products which will be distributed to Cavere’s broker agents from January 2015. The product will be distributed via Cavere’s Magenta platform which provides online quotes and applications for intermediaries.
Commenting on the appointment, Tim Wright, Director of Broker, RSA Personal Lines, said: “RSA is particularly excited about entering into a relationship with Cavere and we have been particularly impressed by the speed and agility they have displayed in launching the product to market in a matter of weeks. A key part of our strategy is to work with chosen partners where we have shared objectives and ambitions for sustainable profitable growth and we are looking forward to extending our partnership further in the future.”
Paul Thompson, Managing Director, Cavere Insurance, added: “We are delighted to be working with RSA as we develop further our intermediary proposition. Combining RSA’s wealth of underwriting experience with the efficiency of Cavere’s Magenta platform allows us to deliver a market leading, highly competitive and high quality product proposition to intermediaries and their clients.
Our mission is to become the provider of choice for Insurers and Intermediaries, this partnership takes us a huge step forward on this path and I very much look forward to working with the team in the years to come”.
The product offers:
Cover up to £1Million sum insured for buildings and up to £75,000 for contents.
Quoted on a bedroom basis for ease of application.
Media Relations Manager – RSA Personal Lines 2
Tel: 020 7337 5579
Notes to Editors:
With a 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East, Latin America and Central and Eastern Europe and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 23,000 employees and, in 2011, its net written premiums were £8.1 billion.
Within the UK, RSA is the largest commercial lines insurer, covering the insurance and risk management needs of a significant number of FTSE 100 companies. It has a full multi-distribution capability, writing business through brokers and corporate partners, direct and online. RSA is also one of the UK’s top four personal motor and household insurers.
RSA was the first UK carbon neutral insurer. The company has cut its carbon footprint by half since 2000 and has offset the remainder by purchasing voluntary carbon reductions.
Cavere Insurance is a product provider and master broker/ managing general agent. They provide seamless fulfilment and distribution through managed relationships with underwriters and distributors.
Cavere distributes a full suite of general insurance products tailored to the individual needs of clients including; Residential Buildings and Contents, Landlords Let Property, Tenants Contents, Income Protection, Mortgage Protection, Life, Home Emergency and supporting ancillary products.
Cavere Insurance utilises an exclusive proprietary point of sale system (Magenta) that facilitates general insurance applications and end to end administration throughout the customer journey. Central to the business is the use of technology.
Cavere leads through innovation, championing creative ideas and solutions that enable their partners to differentiate their proposition in the marketplace. All systems are designed and developed in house by a team of insurance specialists.
Paul Thompson, Chief Executive Officer, Cavere
Tel: 01904 476090