RSA property specialists break new ground in underwriting
Authored by RSA
Our underwriting and risk experts were challenged with providing cover for a unique aero research facility in the UK. Our ability to think outside the box and profound understanding of risk, meant that we succeeded in underwriting this unique, cutting-edge property risk.
Trade: Aero Research
When we are called on to cover prove they delight in a new challenge.
Innovation is at the heart of what we do, so when our customer had an inventive plan to take their new aero research test facility to the next level, we were excited to support their ingenuity.
Following a worldwide search, they identified a disused underground tunnel here in the UK, which they could adapt into a premier full-scale aero testing facility.
The challenge for our teams was to assess and underwrite an abandoned Victorian underground property that appeared in a relatively good state, but needed to satisfy the needs of the customer and local authority, who would then have to agree to lease the property for this unusual development.
Initially, we called upon the expertise and experience of our lead property underwriter to look closely at the proposed site. Working in close collaboration with our risk consulting team and with the brokers support, the customer was then able to provide additional insight to satisfy our understanding of the risk and the future development of the site.
This level of consultation was vital, as the proposed facility will be unlike anything the sector has seen before. And we succeeded.
Our expertise and ability to think outside the box, meant that we were able to write a unique, cutting-edge property risk which would have been difficult to place in the current market.
To speak to someone at RSA about this article CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on.
With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, RSA employ around 23,000 people, serving 17 million customers in around 140 countries. While RSA's origins lie in London, RSA is a global company with businesses in both mature and emerging markets. RSA have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. youTalk-insurance sharing insurance news and video.
- 26 Feb 2021
- 25 Feb 2021
- 22 Feb 2021
- 18 Feb 2021
- 15 Feb 2021
- 11 Feb 2021
- 11 Feb 2021
- 8 Feb 2021
- 4 Feb 2021
- 1 Feb 2021