Insurer beefs up plant cover

NTI is set to launch a specialist mobile plant and equipment product on 1 June, ahead of its acquisition of Lumley’s portfolio in the sector.

NTI’s joint shareholder CGU announced in April it had brokered a deal with Vero for NTI to take on Lumley’s existing heavy motor and mobile plant and equipment policies from 1 July, with any Lumley policies due for renewal from that date to be offered an invitation to switch to NTI.

In preparation, NTI will launch Yellow Cover, promoted as delivering a heightened level of service to policyholders through the combination of NTI and Lumley’s knowledge and experience.

NTI Sales and Distribution General Manager Mike Edmonds says the launch of the new product signifies a renewed focus on policy within the plant and equipment policy band.

“The transfer of the Lumley portfolio has given us the opportunity to expand our capability in the plant and equipment market with a new leading policy and the recruitment of expertise from Lumley,” he says.

“With our local experts across the country and our award-winning claims services, we’re aiming to be the leader across the mobile plant and equipment market.”

Key Lumley staff will be following the portfolios across to NTI.