Service provider Utility Warehouse has added managing general agent Arkel, which is part of the Atec Group, to its household panel. The move is expected to generate annual gross written premium of around £3m. Arkel will provide non-standard insurance solutions, including protection for buildings with unusual types of construction, occupancy, and flood risk. It also provides cover for buildings under renovation or that have previously been underpinned.
Kris Lee, chief underwriting officer at Arkel, said: “We’re delighted to partner with Utility Warehouse. We like their unique proposition, offering consumers competitive prices by bundling their insurance and utilities into one great-value package. This is a mutually beneficial partnership aimed at delivering value, choice and better outcomes for consumers.”
Benjamin Wigoder, director financial services at Utility Warehouse, added: “Adding Arkel’s non-standard products to our panel is yet another point of difference in terms of the service we provide consumers.”
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