Los Angeles–Paul Jansen and Kevin Hastings have launched Cove Programs, an underwriting agency and approved Lloyd's coverholder. Cove will focus initially on the U.S. homebuilders market offering primary and excess liability and property solutions. It plans to offer programs in other market sectors over time. Cove's U.K.-based construction team will work closely with industry veterans George Dale and Mike Hopson in the U.S.
“Our combination of US-based initial consulting with a London-based MGA means we can offer construction brokers and builders on the ground availability; innovative products tailored to respond to the needs of each client; fast decision-making and risk-control advice to help minimize claims,” says Hastings.
Cove has entered the market now because despite the current economic climate, homebuilding is running at about 500,000 homes nationally. Certain regions remain particularly active and builders require more flexible and innovative insurance-program designs, especially as they poise for the eventual recovery in the housing market.
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