New facility backed by multiple syndicates targets growing demand for intellectual property cover
Arch Insurance International has launched a new intellectual property (IP) consortium at Lloyd’s, bringing together multiple syndicates to provide expanded capacity and more comprehensive cover for IP risks.
Arch will act as lead underwriter for the facility, which is supported by syndicates including AXIS, Everest, Hamilton, Probitas, QBE, SCOR and The Hartford.
Arch said the consortium has been created in response to increasing demand from clients for broader intellectual property protection, as intangible assets become more central to business value across sectors.
The facility offers coverage across three core areas, infringement liability, IP rights protection and IP rights enforcement, with capacity of up to $40m.
It is designed to serve a wide range of industries, including energy, life sciences, manufacturing and software, reflecting the growing exposure of businesses to IP-related risks.
Arch said the structure will also simplify placement for brokers, with a single point of contact and unified claims handling process.
All claims will be managed by Arch’s third party claims team, drawing on experience in handling complex, multi-jurisdictional disputes.
Ian Lewis (pictured), head of intangible assets at Arch, said the consortium reflects both the scale of demand and the market’s ability to respond collaboratively.
“We are proud to bring together this specialist consortium to support what is a rapidly growing and increasingly important class of business,” Lewis said.
“This initiative demonstrates the strength of the Lloyd’s market in delivering meaningful capacity and specialised IP coverages for the expanding needs of businesses.
“By combining significant limits with deep underwriting expertise and claims capabilities, we can deliver comprehensive, tailored solutions that reflect the critical value of our clients’ intangible assets,” he added.
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