Rock Insurance Group reveals new underwriting agency

Rock Insurance Group has unveiled its new underwriting agency called Tigon, which aims to diversify its product range and widen distribution.

Tigon will provide cover in the UK travel and broker markets; the broker is its majority stakeholder.

The underwriting agency’s strategy is to write a balanced, disciplined and structured book of business in order to provide a profitable return for its insurer partners.

Antony Martin, managing director at Rock Insurance Group, said: “I have worked closely with [Ashley Millington, director at Tigon Cover Services] for years and know that he and the team share the same core values as Rock in their determination, confidence and trustworthiness, so brokers will be in great hands.

”Tigon’s insurance products will be vital to the travel trade as it starts to recover from the pandemic. We look forward to diversifying our product range beyond just travel insurance through our affiliation with them.”

Successful broker partnerships

Ashley Millington, director at Tigon Cover Services, continued: “We pride ourselves on the experience of underwriting along with swift responses and rated security – it is our ambition to provide a truly compelling solution for the insurance industry.

“The stakeholders of Rock have a vast amount of experience within the insurance market and have a good track record to support this, so we are thrilled to have their backing and expertise.

“Our success is dependent on our staff and our brokers convincing clients and prospective clients that price, although important, is not the only criteria for the purchase of insurance. We look forward to building successful partnerships in the broker market.”

Tigon has currently launched three products:

• Covid-19 cancellation cover for tour operators – covering travel companies to protect customers’ money if they are unable to travel.
• Cancellation cover, including Covid-19, for consumers – covering travel companies to protect customers’ money for wider cancellation perils, such as accident, illness, fire and flood.
• Travel insurance – includes medical cover of up to £10m, cancellation cover up to £5k and possessions cover up to £3k, as well as cover if a customer tests positive for Covid-19 within 14 days of their trip.