Our placement successes
- Client satisfaction is one of AqM’s primary focuses recently securing renewal of a prestigious 14 vessel fleet achieving a strong cash reduction on expiring terms and enhancing the Continuity Credit Bonus in value and also from expiry to upfront with ‘A’ Rated H&M and P&I insurers
- Competing with the largest broker in the world AqM was able to reduce the premium cost to the client by c.12% using the same market Underwriter and with greater technical understanding of the clients operation was able to expand the policy terms to cover previously unprotected trading risks
- Sourced competitive renewal terms with existing Underwriters after our client had a large loss successfully working to strict budget by significantly reducing Underwriters 50% cash rise. AqM introduced an additional Underwriter to reduce exposure and tailored new changes to the policy deductibles and terms to fit our client’s new operating requirements
- An insurer requested we review their energy account and having studied a high volume of correspondence it became clear they were not only over paying for their reinsurance the majority of cover they had was unrated. AqM started afresh find strong market leaders with significantly better cover and much lower deductibles. Actively managing the account with our Underwriters has dramatically lifted the insurers perception of the risk and its performance
- AqM secured a new client saving them 30% premium without compromising levels of cover. This was achieved by thoroughly understanding their business and guiding Underwriters through the model so that they rated (priced) the actual operation and not what they perceived the risk to be. With a better understanding the correct level of premium was achieved resulting in a significant saving on the client’s previous insurance spend
- Streamlined a large trading house numerous cargo policies into one all-encompassing cover that provides total protection without any ‘grey’ areas. Vessels to be declared at the start with there being no hidden additional costs and the premium being managed / adjusted by quarterly declarations to ensure best price for maximum cover is achieved