Tangram Insurance Services And Costero Brokers Ltd. Partner With Brit Syndicate At Lloyds For Kidnap & Ransom And Personal Accident Cover

William Arsn

PETALUMA, California, Oct. 8, 2020 /PRNewswire/ — Tangram Insurance Services, Inc. (“Tangram”), a Managing General Agency, and Costero Brokers, Ltd. (“Costero”), an independent London broker, today announced a partnership with Brit Syndicate at Lloyds (“BRIT”) to provide Kidnap & Ransom and Personal Accident coverage through an exclusive facility.

The facility is accessible to all Tangram appointed retail brokers in the US, providing up to $50m in Kidnap & Ransom Coverage and up to $2.5m per person in Personal Accident & Illness. The coverages include Extortion, Unlawful Detention, Hijack, Disappearance, Hostage Crisis and Threat Response. Additionally, the facility can provide up to $250k in cyber extortion limit, covering extortion incidents from a computer attack, network disruption and restoration of data costs. It also provides coverage for related cyber incident response costs, business interruption expenses and legal costs.

“We are excited to partner with our colleagues at Costero to offer BRIT’s comprehensive Crisis Perils coverage. BRIT is a market leader and we are thrilled to add them to our stable of trusted carrier partners. We are hopeful that the additional coverages provided, especially the cyber portion, which is not readily available from other markets, will be a sought-after solution for our partners,” said Tracy Bernard, Tangram’s SVP, Head of Program Development.

Bruno Schuoler of BRIT noted, “We are delighted to partner with Costero and Tangram on a facility that we believe can be catered for a broad range of client needs. We are thankful that Costero have selected BRIT as an insurer with the knowledge and experience in a lead capacity, to provide access to underwriting expertise in this specialized field of insurance.”

About Tangram Insurance Services, Inc.
Tangram Insurance Services, Inc. is a national program manager bringing in-depth expertise and specialized program capabilities to a variety of industries. With over two decades of experience, Tangram partners with the top insurance companies to deliver niche insurance solutions. For more information, please visit www.tangramins.com.

About Costero Brokers Ltd.
Costero Brokers Ltd., formed in 2017, initially focused on property and professional lines. Costero Brokers Ltd. is now a multi-class focused Lloyd’s of London broker and is looking to expand into additional specialist areas with the hiring of individuals and teams.

For more information, visit costerobrokers.com.

Source Article

Next Post

Bank account helps children develop healthy saving and spending habits

Parents and kids now have a way to help them manage allowances, monitor spending, save towards a goal and even digitally invoice for completed chores. Launching today, Chase First Banking is a new checking account designed to help parents teach kids and teens about the importance of money management through […]