NewBox
Next Objectives:
- Start Surety in Greece
- Start PI for Intermediaries in Greece
Tasks:
- Juan to take over referrals
- Sorting of licensing issues
- Juan to coordinate with Benjamin and put KPIs n place.
- Monitoring call on quarter basis
- Limit special acceptances
- NewBox to check if they can passport in Greece
- Tax rep in Greece in place
- Review BP for Surety
- Meet with Beazley underwriter in Baden
- Include casualty cover under Motor/TPL excess treaty
- Get PI BP for Greece
- New BP for 2025 (incl. Greece)
- Approach Beazley with pack
- Waiting for Beazley’s answer
- QS slip to be reviewed by Lucas
- Amend TOBA for increased limits
- Meeting in Lyon (March)
- Addendum mix-up
- Submission for Greek Surety and placing the QS - Lucas
- Amend the TOBA for the distributors’ commissions on the Medical product (talk to Cedric)
- QS Surety for Greece signed
- Special acceptance on Surety / Lucas to get written confirmation
- UW guidelines for automatic underwriting
Steering Commitee
--> GWP below expectations,
Limits are lower now ( 2m --> 1m)
Projected 4 to 5m
Greek marked bonds -> big market tere
Reason of rejection
: competition lower rates
higher excess and deductibles
Cyprus up to years.
Employers liability is to
3 years premium ( liability ) --> 3 annual policies.