PRESS RELEASE
Arista Continues Growth With The Launch of New Property Owners ProductArista Insurance, the commercial lines underwriting operation, has reinforced its growth credentials with the addition of a property owners’ product to its suite of products at the same time as expanding its existing underwriting arrangements.
The property owners’ product is suitable for single properties or portfolios and is aimed primarily at tenanted commercial properties. The key standard covers include damage to buildings; loss of rent; public liability; legal expenses and equipment breakdown. Engineering inspection and Employers Liability cover are also available.
The launch comes at the same time as confirmation of the expansion of Arista’s underwriting agreements with Canopius, Equity, ARAG and HSB.
Arista’s CEO, Charles Earle, said: “The addition of property owners to our portfolio is the next step in our plan to provide brokers with a complete range of commercial products which are designed to remove broker’s frictional costs, and consequently improved their profits. Our approach has proved very successful for our brokers, our investors and insurers.
The expansion of our underwriting arrangements is testament to this. We are delighted with the support that Canopius and Equity have given us throughout 2007, both in financial and other equally important aspects of our business. This support enables Arista to continue growing the range of solutions for our expanding independent regional broker panel.”
Michael Watson, Chairman of Canopius who, along with Equity, are investors in Arista, added: “This latest launch, in conjunction with the recent staff and broker recruitment, is evidence of the ongoing success of Arista, and we are delighted to be partners with a company which really focuses on what the broker needs. I have no doubt that it is this approach that will see Arista succeed and we look forward to continuing to work with them on this journey.”