Products: UK General and Newton Lee whet market’s appetite with Chinese restaurant scheme
UK General has signed a schemes agreement with Sunderland-based broker Newton Lee to cover the Chinese restaurant and takeaway sector.
The Leeds-based specialist insurer, which generates nearly 80% of its gross written premiums from schemes, said its team had built on an existing scheme among Bangladeshi restaurant owners to devise a bespoke product targeting Chinese restauranteurs.
UK General’s director of group marketing Gary O’Brien commented: “It is a significant white-labelled scheme that replaces an existing product with dual language policy wording, flexible pricing via net rating and commission.” He continued:
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