Tide Forsikring selects Vecta Risk Partners for tailored travel and PA insurance scheme

London, 24th May 2017 – Vecta Risk Partners (Vecta), the specialist accident & health, travel and lifestyle insurance division of Castel Underwriting Agencies Limited, has secured its first European scheme with its appointment to underwrite annual travel and personal accident covers for Tide Forsikring (Tide), a provider of motor, property, yacht, accident and health and children’s insurances, through a network of franchise offices across Norway.

The scheme is underwritten by London company market capacity and was facilitated by broker CJ Coleman. Reflecting the importance of the claims service in the travel and personal accident classes, Vecta has also re-engineered the scheme’s claims process.
This is the third specialty scheme secured by Vecta since it launched on Castel’s MGA platform in January 2017.

Vyv Townend, Partner at Vecta said: “This new scheme with Tide demonstrates Vecta’s ability to provide a complete solution that encompasses both responsive and flexible underwriting and effective and customer-focused claims management. Our MGA operating model has enabled us to develop and deliver this scheme within two months, which we see as a key differentiator within this specialist sector.”

Ben Coleman, Chairman at CJ Coleman, said: “Vecta’s response to securing and delivering this scheme has been exceptional and demonstrates they offer a clear alternative to traditional providers. Their considerable underwriting expertise and operational experience from day one was an important factor in enabling us to meet Tide’s commitment of providing personal service that puts their customers first.”