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London, 13 August 2018 – Volante Global Limited (Volante), a multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Volante International Motor and the appointment of Neil Smith as Managing Director.
Volante International Motor is an MGA focused on the international motor sector. Based in the London Market, the business delivers market-leading A+ rated capacity to its global client base via a broad network of local market and London-based specialist brokers and coverholders.
Neil Smith has over twenty-five years of experience in both the UK and international motor insurance markets. Previously, he was Portfolio Manager, International Motor at QBE and prior to this he was a senior underwriter at Ensign Motor Policies and also at Torch Motor Policies. Most recently, Mr. Smith held a senior position within the broking sector.
Volante International Motor focuses on two specific market sectors: niche motor-related schemes and affinity groups, including high-value and classic motor schemes and vehicle owners’ clubs; and large, complex ‘one-off’ risks. The business writes on both a conventional and non-conventional basis, developing precisely tailored insurance solutions based on robust pricing models and comprehensive actuarial analysis.
Operating on Volante’s proprietary underwriting platform, Volante International Motor capitalises on leading-edge technology and deal-structuring innovation to maximise its underwriting performance and ensure its ability to respond quickly and efficiently to the most complex risk scenarios.
Mr. Smith said: “Volante International Motor introduces a totally new international motor proposition to the London Market. Our aim is to work collaboratively with specialist local-market brokers and coverholders to deliver exceptional on-the-ground service fully backed by A+ financial security. Our operating platform enables us to be flexible, efficient and responsive, delivering highly customised products in a timely manner.”
Talbir Bains, Founder and CEO of Volante, commented: “We are delighted to be announcing the launch of Volante International Motor today and Neil’s appointment as Managing Director. The business is the first of the nine new teams joining Volante Global under the multi-class, multi-territory treaty agreement secured with our three strategic-partner Global carriers in June.
“Our commitment to achieving full alignment with the strategic objectives of our Carriers guides the direction that we have set for Volante International Motor. We are focused on generating strong returns on capacity by delivering superior insurance products and services, supported by our technology-driven underwriting platform which ensures optimal performance at every stage in the process.”
Volante International Motor is the second MGA to launch from the Volante Global platform into the motor arena. In January, the company launched Edison Motor, a London Market-based MGA that provides comprehensive commercial motor insurance products to niche markets in the UK.
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