Newsletter – 1509
Concordia Underwriting Agency, Marsh Relationship and Renewal
Some members have asked about our relationship with Marsh brokers. I had previously sent this NOTICE to members who use Marsh as their broker which explains the position.
This notice also reiterates some of the main anticipated benefits to come from Concordia Underwriting Agency.
The current insurance market is widely regarded as ‘soft’, which pleasingly means lower premium rates. One of the other benefits of the market is that there has been a great deal of interest in providing underwriting capacity for the AllChurches policy from insurers. Consequently Concordia has been able to arrange cover, not readily available in the market, at exceptionally good premium rates.
We are presently ensuring that the premium calculations from the old system match when calculated by the new system and will likely have your invoices in your hands during next week. You then have until the end of February 2016 to either pay the full premium or make arrangements to pay on another basis.
Please do not hesitate to contact me if you have any questions.
Dave Peters, Executive Director
MATERIAL DAMAGE AND BUSINESS INTERRUPTION INSURANCE