Bridgehaven Insurance and IWG Announce Partnership to provide new Insurance Backed Guarantee product to Iknowa
Bridgehaven Specialty UK Limited (Bridgehaven), and IWG, the long-established Managing General Agent (MGA) that specialises in insurance backed guarantee (IBG) insurance, have announced a strategic partnership providing a new contingent insurance product for defective workmanship of installation of heat pumps.
IWG has been appointed to underwrite an IBG policy to Iknowa, the market-leading property and building services platform, for installations undertaken by Iknowa-trained engineers in the domestic renewable energy sector for an initial period of 3 years. The new insurance product is intended to provide protection for customers who have a small-scale heat or power generating system installed at their domestic dwelling and/or commercial premises.
Paul Dilley, Chief Underwriting Officer of Bridgehaven said: “This new partnership between Bridgehaven and IWG demonstrates how we work together with our distribution partners to provide innovative insurance solutions. IWG is a professional and highly experienced MGA, and we are pleased to work with them to offer Iknowa an IBG product that supports professional installation of heat pump technology across the UK.”
Richard Edgar, Director of IWG, added: “Bridgehaven brings a fresh approach to the renewables sector and, by making best use of the Iknowa network and technology, we aim to deliver excellent support to the Property Owner at their time of need.”