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Lockton Performance launches Specialist Motor Trade Insurance in the UK
The new facility is backed by Chubb and targets UK collector car dealers, storage facilities, and specialist workshops.
Lockton Performance has launched a Specialist Motor Trade Insurance product for UK businesses including collector car dealers, storage facilities, and specialist workshops, aiming to deliver coverage tailored to how they buy, sell, store, transport, and maintain vehicles.
The exclusive facility backing the offering comes from Chubb, and the insurer described the product as providing up to date cover matched to the vehicles and operational responsibilities those businesses face.
The rollout also ties into Chubb’s broader distribution strategy for insurance through financial institutions, airlines, and travel platforms, according to Coverager.
Coverager also noted that SAGE, originally built for Lockton Re, is being rolled out across Lockton Performance’s broader U.S. brokerage business, with governance oversight for Chubb’s global reinsurance business to be provided by Wixtead, president of the Chubb Tempest Re Group.