Commercial insurance underwriting agency APC has confirmed Lloyd’s accreditation status, which the company intends to use as a springboard to launch into Europe.
APC which is rolling out throught Europe Market could use its own web-based underwriting platform QuoteMac to distribute APC products.
APC also intends to offer a white label service to European broker partners, which will provide access to its underwriting platform and to a facility within the Lloyds arena.
Using the Lloyd’s notoriety by having made the first deal, APC intends to rapidly progress its European intentions with further announcements expected soon. This will also allow APC to have direct access to Lloyd’s underwriters, which will provide significant benefits for its 800 UK regional broker partners.
APC chief executive officer Brian Russell said: “We have had the desire and the expectation for some time that APC would make a step change and we are delighted to have been granted Lloyd’s accreditation as a major part of that.
“This serves the dual purpose of enhancing the service and position to our existing broker base while laying the foundation stone for APC’s expansion into Europe. There are some exciting developments in play and things are already progressing quickly so we expect to be making further announcements very soon.”