Broker Partners
Working with MSIGUK coverage
- Major broker partners all around the UK and Ireland
Case studies
Mitsui Sumitomo Insurance Group (MSIG) has a proud history of innovative solutions to all kind of diverse insurance requirements. In many cases our problem solving approach has led to improved performance and productivity.
Have a look at these case studies to see what we mean...
The devastating impact of fire involving polystyrene composite panels is a well-known risk in the food manufacturing industry.
This recent case of a serious oven fire at one of our client’s sites dramatically highlights MSIG’s different approach to managing risks like this.
HTC Plant Hire is one of the UK’s leading specialist Tower Crane Contractors. The erection of Tower Cranes is a highly specialised skill and has been compared to "balancing 145 tons on a pencil – 200 metres up in the air.
So the Health & Safety management issues in such a specialist process are obviously critical.
Eve Trakway is Europe’s leading provider of temporary roadways, walkways, barriers, bridges, fences and stairways for a variety of industrial and event sectors.
Innovative deal structuring from Mitsui Sumitomo Financial Solutions team, using ‘insured deferred’, helped a management buy out team meet the headline sale price.
MSIG is working with our client, Billington Structures Limited, to evaluate the company’s existing safety culture.
To make targeted recommendations to achieve a 50 percent reduction in the accident rate within two years and to subsequently achieve and sustain total elimination of reportable accidents.
In conjunction with our client, Marshalls plc, one of Britain’s major quarrying and landscape product manufacturers, MSIG instigated an in-depth audit of their general arrangements.
This specifically related to collection and storage of data concerning accidents and occupational ill health and policies for management of injured parties – in short, the claims defence process.
At 9.00am on the 17th November the Bulmers Business Continuity Team were assembled at the Minella Hotel in Clonmel, Eire to be told the following information.
"A major fire has occurred at your factory. 20 fire appliances are on site, the area is cordoned off and all roads to the factory are impassable. A local reporter is on site with a mobile phone reporting that ‘firefighters are struggling to contain a major blaze at the plant’ and the head office is already receiving calls for information and interviews. The status of Bulmers staff on site is not known.
This was the scene facing the Bulmers Business Continuity team as they undertook their first ever desk top exercise.
The company is one of Britains biggest commercial vehicle body builders and, through their subsidiary, also a major trailer manufacturer. They have been providing transport technology solutions for two generations, but increased volumes of business precipitated a situation demanding a solution that only innovative risk engineering could deliver.
With a regular daily inflow of at least ten transporters delivering vehicle chassis, the on-site storage situation became unmanageable. At times, as many as three or four deliveries would arrive simultaneously, resulting in the chassis having to be parked at random around the site, joining others in various stages of completion. Apart from the confusion and the adverse effects on work flow, the potential hazards posed by the high volumes of heavy vehicle movement around the site became increasingly apparent. And not surprisingly, the situation raised serious Health & Safety issues.
As one of the UK s largest manufacturers of wooden fencing, trellises, sheds and other garden products, the company has a number of assembly plants around the country, including one of the biggest sawmills in Britain.
They have an active culture and understanding of risk management, but a number of trends identified by their Health & Safety team led them to seek specialist advice on refocusing their procedures.
The company was experiencing a growing number of claims relating to injuries incurred through manual handling of heavy items such as fence panels and shed components. More seriously, they were also having to deal with major claims due to accidents with hazardous equipment like saws and wood chippers at their main sawmill.
A major manufacturer of cream cakes and pastries, the company has built a dominant market position, enjoys high volumes of profitable business and is run by a dedicated management team, backed by a highly skilled workforce.
But all of this was threatened by a question of insurance cover. In fact, so serious was the issue, that their ability even to stay in business was in doubt.
When their long-standing insurance company suddenly and spectacularly went into receivership, they were forced to find alternative cover quickly. Their immediate problem was the fire hazards inherent in most food manufacturing plants, due to the widespread use of polystyrene panels. Most of the insurance companies approached turned them down. And when they finally managed to get cover, they faced a premium increase of over 700%.
The company is one of the UK s leading Tower Crane Hire specialists. Part of their operation involves crane climbing, a highly skilled process in which the crane tower is raised, section by section, to heights of up to 200 metres.
As each section is raised, there is a critical point when the jib, weighing as much as 145 tons, is kept in place only by perfect balance. This operation can be made more difficult by the presence of strong, gusting winds at such heights.
After a serious accident suffered by another company during one of these operations, the whole industry was suddenly faced with having to pay, at best, punitive premiums, and at worst, not being able to get adequate cover at all. And the prospect of being able to carry on with this type of operation was in serious doubt.