UK and European expansion planned due to high demand for heavy plant broking
EPG Insurance, the UK and international specialist provider of auto and machinery products insurance, has been granted Lloyd’s broker status.
The company, based in the Lloyd’s building, will be looking to expand its field of operations throughout the UK and Europe – and it predicts a surge in demand for its specialist cover as commercial and home building programmes are set to explode in 2008.
It will be established as a European network to capture and service this business.
“As Lloyd’s brokers we can now enjoy direct access within Lloyds and the benefit of being an integral part of the Lloyds community,” said EPG chief executive John Shepherd.
“Look out over any of the UK’s major cities and you’ll see endless cranes and major construction projects on the go. The demand for heavy plant has never been more intense, and that means a corresponding demand for niche cover such as ours,” he added.
Along with its core insurance offerings for the construction industry, EPG’s services also include diverse commercial risk activities across a wide spectrum, from agriculture and forestry to property, and casualty, marine and aviation as well as all type of reinsurance.
Founders John Shepherd and Jeff Dolton set up EPG Insurance Services Limited in 2003.
Both have experience in specialist reinsurance and insurance environments, and formed EPG in order to offer a niche service within a small independent broker environment.
“We have ambitious plans for growth, and with a young, dynamic team are determined to expand into Europe and beyond,” said Shepherd.
“A high priority is to convert our quoting system to be functional in over 40 different languages – allowing EPG to broaden its global presence,” he added.
