3 June 2021News

Ed Bermuda unveils digital wage & hour coverage on new client portal

Ed, the global reinsurance, wholesale and specialty broker, has developed a new front-end client portal for its Bermuda operation, including a new digital wage and hour product offered in conjunction with Argo Group.

The new portal reforms the traditional manual and paper-driven process, allowing clients to enter data digitally and making the flow of information to carriers via the TradEd platform more efficient. Wage and hour offers protection to US insureds and promises increased efficiency and an improved client experience.

Colin Kelley, head of liability at Ed Broking Bermuda, said: “The application of technology is an important component of Ed’s offering in Bermuda. Wage and hour processes were ready for modernisation. This new portal will provide benefits to clients and industry participants alike as we improve productivity in the insurance process.”

Kimberly Lewis, vice president of professional lines insurance at Argo, said: “After recognising an unmet need in the US small to medium-size enterprise (SME) market, Argo launched its stand-alone wage and hour product in 2017. Argo’s Middle Market Wage and Hour Product focuses on companies with 10k or fewer employees from any industry segment or US state. We are able to offer lower retentions to this class of customers.”

Michael Butler, senior vice president of professional lines at Argo, said: “Innovation is a core component of the culture at Argo Group. We are very pleased to partner with Ed Broking Bermuda and their TradEd platform so that our innovative Wage and Hour product and underwriting process can further evolve to our targeted class of business.”