Addept Insurance, a subsidiary of Addept Group, has announced a capacity partnership with specialist managing general agent Ortus Underwriting and Great American International Insurance (UK).
This collaboration is set to bolster Addept Insurance’s product offerings with the launch of two new insurance products, called Bill Ninja and Recovery First.
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Bill Ninja is an accident and sickness ancillary insurance product tailored for sole traders and self-employed individuals.
It aims to offer affordable short-term financial cover to help pay bills in the event of work-related injuries or illnesses.
Designed as a flat-rated add-on, it can be coupled with any trade insurance policy.
Recovery First, on the other hand, is a motor accident product that provides financial and support services to customers who have suffered injuries or face challenges following a motor accident where no other party was at fault.
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By GlobalDataIt aims to serve as an alternative to traditional ancillary products such as motor personal accident cover, which usually only address catastrophic injuries.
Addept Insurance managing director Richard Finan said: “We have known the Ortus team for many years. They are recognised for delivering innovative, quality products and share our focus on supporting brokers and other intermediaries with ancillary products that meet the evolving needs of their clients.
“We look forward to working with Ortus as we identify and develop better products to address other gaps in the current market’s solutions.”
Ortus Underwriting CEO Matthew Stark said: “The Ortus underwriting team are vastly experienced in the Accident & Health sector and have great reach into specialist capacity markets.
“Having worked with Richard previously, we know Addept has the innovative approach and expertise to develop market-changing products. We are really excited to be able to help with their capacity needs.”
The capacity deal comes on the heels of Addept Insurance’s recent product distribution partnership with All Broker Services Limited (ABS), which was announced in September 2024.
