Sunrise provides investment, development, and asset management services with a focus on logistics properties in Europe and the UK. We have worked with Aon since the inception of our business in their capacity as property insurance broker to our JV partner.
After a conversation with a professional indemnity specialist within the Aon Real Estate team we invited Aon to undertake a confidential review of our PII arrangements.
The review identified several opportunities to improve the level of cover available to our business and, to our JV partner. Aon also suggested that a premium saving may be achievable by highlighting to insurers that most of the liabilities arising from the work we oversee is transferred to third parties. This was all achieved in a very limited time-period ahead of an impending renewal date.
Our prior experience of working with Aon combined with their evident understanding of our operational model gave us the confidence to appoint Aon to manage our PII renewal.
We are delighted with the results Aon obtained for us, including:
- Delivering a 10% reduction in premium.
- Tailoring the policy wording to provide cover for the liabilities arising from the work we undertake for JV partners.
- Improving the policy coverage including moving to an Any One Claim basis of cover.
Aon have been efficient to work with throughout and have harnessed their understanding of our business to minimise requests for additional information which in turn limited the disruption to our business.
Contact:
Emma Vigus
Business Development Director, Real Estate
[email protected]
07876 127390
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
©2023 Aon plc. All rights reserved.
Aon UK Limited is authorised and regulated by the Financial Conduct Authority.
Whilst care has been taken in the production of this publication and the information contained within it has been obtained from sources that Aon UK Limited believes to be reliable, Aon UK Limited does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of the publication or any part of it and can accept no liability for any loss incurred in any way whatsoever by any person who may rely on it. In any case any recipient shall be entirely responsible for the use to which it puts this publication.
This publication has been compiled using information available to us up to 13 July 2023.
FP.NAT.1260.SEC