Exclusive
Royal & SunAlliance (R&SA) has launched a small hotels product as part of the expansion of its small business trading platform for brokers.
The launch is the first of a suite of products that rolls out in the coming months as part of the insurer's small business assault on the SME market, according to R&SA chief executive Duncan Boyle (see News page 6).
The product, which caters for small hotels, guesthouses and B&Bs with a maximum of 20 bedrooms, was launched this week following a pilot with five brokers.
R&SA small business and e-business director Simon Cooter said the insurer anticipated having "in excess" of 1,000 new policyholders for the small hotels product by the end of 2005, representing a "seven figure" GWP.
