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Specialist underwriters White Oak expands to acquire an extended warranty team.

 

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Specialist automotive and equipment underwriting agency White Oak Underwriting has further expanded its business by welcoming an extended warranty team to its London headquarters.

White Oak, which is based in the prestigious Lloyds Building, will be strengthened by new additions Mark Angel and Sunjay Patel from September 1, 2010.

The experienced financial services industry duo will specialise in underwriting a worldwide warranty and asset protection portfolio.

White Oaks Managing Director John Shepherd said: We are delighted to be working together with Mark and Sunjay.

Our business has gone from strength to strength since operations began in April this year and, with the addition of the extended warranty team, we now have a secure platform for White Oak to further grow into a major leading underwriting agency of industry-specific automotive lines.

White Oak currently provides a worldwide underwriting service for auto and mobile equipment related products, including physical damage insurance and reinsurance on commercial and private vehicles, motor truck cargo, construction and agricultural equipment. White Oak also offers expert underwriting solutions on asset protection and warranty-based products.

White Oak already boasts a first-rate underwriting team, including Matthew Maxwell who joined White Oak as Underwriting Director in April 2010 having spent 23 years in the Lloyds market.

These are tough trading times and underwriters need to use their very best skills, people and utilise state of the art systems to generate acceptable returns.

Were confident that the addition of Mark and Sunjay to the White Oak team enhances our market knowledge which is crucial in order to generate superior results, said Matthew Maxwell.

Operations Director, Jeff Dolton, is overseeing the administration, claims and compliance functions of the company.  The claims service is managed by George Gager, who has proven claims experience in both the Lloyds and company markets.

White Oak is a specialist Underwriting agency focused on Worldwide Auto related products. These products include Physical Damage Insurance and Reinsurance, both on Commercial and Private Vehicles, Forestry and Logging Insurance, Motor Truck Cargo, Construction and Agricultural Equipment. White Oak also provides expert Underwriting solutions on Asset Protection and Warranty based products.

White Oak has been founded on a tradition of Lloyds underwriting and claims excellence. We have drawn together the best London Market skills available into a team that will deliver our objectives to provide a competitive product with high quality service levels.

We are committed to providing a comprehensive and professional claims service which is paramount to the success of our business and we have developed and installed bespoke IT and management reporting systems to ensure that the deliverance of a superior claims service is achieved.

White Oak has selected one of the strongest Lloyds Managing Agencies as its partner and with a rating of A from A.M. Best, A+ (strong) from S & P and A+ (strong) from Fitch we are proud of the financial strength behind us.

White Oak Underwriting Agency is authorised and regulated by the UK Financial Services Authority (FSA) Reference No. 510331 and is also a fully approved Consortium at Lloyds of London No. 9566.

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