Arc Legal Assistance (Arc Legal) has secured a series of new deals with specialist boat insurance brokers to provide Marine Legal Expenses Insurance. As a result, Arc Legal will now provide in the region of 70% of all Yacht and Dinghy Marine Legal Expenses Insurance policies in force in the UK.
Noble Marine Insurance (Noble Marine), one of the largest boat insurance brokers in the UK, is one of the new brokers to sign up with Arc Legal. Under the deal Arc Legal will provide the product to over 20,000 policyholders.
Arc Legal has developed an enhanced product, offering new and unique elements of cover and services specifically for pleasure craft owners. These services are backed up by a specialist marine law firm with expertise in all aspects of marine law, who provide support in the claims process and operate a dedicated legal helpline.
Commenting on the new schemes and Arc Legal’s market leading position in the Marine Legal Expenses market, Director Richard Finan said: “These new schemes represent an important milestone for us. Our marine and pleasure craft business has continued to grow significantly since 2010. These deals affirm our position as the leading provider of Marine Legal Expenses Insurance.”
Finan continued: “Noble Marine is recognised as a leading broker in this market, and so securing this scheme is further recognition that our bespoke approach and commitment to providing enhanced covers and access to marine legal experts is directly meeting the needs of pleasure craft owners.”
Jon Langford, Managing Director of Noble Marine said: “Arc Legal’s understanding of this market and the needs of our clients were important factors in our decision to appoint them for this scheme. They have recognised the importance of providing experienced and expert help which ensures our clients receive responsive and quality support.”
Arc Legal has a distribution deal with Haven Knox-Johnston, part of the Amlin Group, and one of the largest providers of boat insurance in the UK. Haven Knox-Johnston partner to market and distribute Arc Legal’s marine LEI product on a wholesale basis under a delegated authority arrangement.