Policyfast gains Lloyd's cover holder status
Policyfast, the wholesale broker and part of Coversure, has announced that it has achieved Lloyd’s cover holder status. As a result, it has acquired a London base, and an underwriting team from Stevenson Price.
In the move which provides Policyfast with access to the London market, the entire Stevenson Price team will migrate to City Underwriting. CUL will be a joint venture between Policyfast and the Stevenson Price team and operate from the former Stevenson Price offices in London.
David Judge, a director of CUL, said: "We are all delighted with this move. All of our insurers have been very supportive, and we have been able to bring all of our binders and facilities with us to CUL. Our brokers will
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