BUSINESS UPDATE

Arc contract extended for successful government backed tenant scheme

Arc's contract to provide professional fees cover to mydeposits, has been extended until 2012. The scheme is one of just three set up last year as a result of government legislation to protect tenants in deposit disputes with landlords.

During the first 12 months of operation, Arc has arranged insurance on over 200,000 deposits for mydeposits, set up by Hamilton Fraser Insurance Solutions and the National Landlords Association. The number of deposits covered is expected to total close to 550,000 in its first three years.

The Arc cover has also been enhanced to protect overseas landlords.

Arc was one of the first companies to develop a dedicated insurance product ahead of the government's mandatory Tenancy Deposit Protection.

Arc domestic emergency product extended to MMA's Mid-Net Worth policyholders

Arc has extended its relationship with MMA Insurance, (MMA), following the addition of Insured Domestic Emergency (IDE) to all policyholders of the insurer's Mid-Net Worth product called Lifestyle.

Arc's IDE will now be included automatically as part of the Lifestyle policy providing cover for domestic emergencies ranging from gas or electricity failure to central heating and hot water problems.

IDE is already offered as part of MMA's standard household cover.

Arc Angels launched with Race for Life support

Eight female members of the Arc team took part in the Colchester 'Race for Life' and raised over £1,600 for Cancer Research UK.

The event was the first to be supported by the company's new corporate social responsibility programme, known as Arc Angels, which will provide support to voluntary groups and the fundraising efforts of staff and the company's strategic partners on a local and national scale.

Call us on 0344 770 9000