Direct Commercial Limited (DCL) is delighted to announce that it has acquired the renewal rights for Liberty Specialty Markets’ (LSM) Commercial Motor account.
The agreement will see all renewals due from 1st January 2016 onwards being invited by DCL. Renewal invitations and quotations prior to this date will be honoured by LSM. LSM will continue to handle the administration and claims on policies incepted prior to the transfer date.
Phil Cunningham CEO of DCL said, “We are excited about the acquisition of this book of business, it compliments our existing portfolio, is placed through existing broker partners and is another step forwards in the growth of our company.
Following LSM’s withdrawal from this sector, we are delighted to be able to offer policyholders and brokers DCL’s excellent service, backed up by our rated capacity (A+ Superior A M Best) provided by Great Lakes Reinsurance (UK) SE (a wholly owned subsidiary of Munich RE).”
For more information please contact:
Mr Liam Guilfoyle
Finance Director
Direct Commercial Limited
Tel: +44 (0)1245 459700
liam.guilfoyle@directcommercial.co.uk
Adrian Beeby
FWD for Liberty Specialty Markets
Tel: +44 (0)20 7623 2368
Mob: +44 (0)7879 403564
adrian.beeby@fwdpr.co.uk
To coincide with our continued growth, Direct Commercial Ltd welcome new agency applications; an agency application form is available on our website in Downloads.