Commercial insurance underwriting agency, APC, announced that it has begun its expansion drive into Continental Europe by launching APC Holland, based in The Hague.
APC said the “independent MGA will provide a range of covers for the Dutch SME market via a network of brokers. It will also utilize its proven QuoteMac on-line trading platform, a facility that to date has not been widely available in the local market.
“Led by Paul Röthengatter, the team plans to become one of the leading MGAs in the local market by both providing access to the Lloyd’s and London markets and delivering a high level of service to its business introducers,” the announcement continued.
The bulletin also explained that the new facility has been launched “following regulatory approval by the Dutch regulator Autoriteit Financiële Markten (AFM) and Lloyd’s. It will also “be developed as the template for future expansion in Europe. Although its products have been made available to brokers in the Republic of Ireland from July 2010, APC has been primarily focused on the UK since it was established in 1993.”
APC Director, Jon Bates commented: “The time is right for APC to launch into the Continental European market. The combination of our Lloyd’s and London company market underwritten products, QuoteMac and Paul Röthengatter’s in-depth local knowledge will, we believe, enable the business to quickly become established as a key market for SME focused brokers in Holland.
“Using APC Holland as a template, we also intend to drive further penetration in Europe by partnering with local experts. We have already begun discussions with several potential partners and believe 2013 will be a period of significant growth.”
APC Underwriting is a service orientated underwriting agency specializing in providing insurance cover for the SME market place including larger commercial & liability business. It is also an accredited Lloyd’s broker.
Source: APC Underwriting
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