Tokio Marine Kiln launches Intellectual Property insurance in France, Belgium and Luxembourg
TMK has announced the launch of a specialist Intellectual Property (IP) insurance product in France, Belgium and Luxembourg...
TMK already provides IP insurance to clients in the UK, US and several continental European markets through its London and Frankfurt offices. TMK’s decision to expand its offering into these new markets is a response to the growing demand for IP cover from businesses in those locations. IP cover is available through its Enterprise Risk department based in Paris, led by Marie L’Affeter, the Enterprise Risk Manager based there.
The Company backed A+ rated offering is believed to be the only standalone IP insurance product available to the French market and covers a broad range of exposures that are frequently excluded from existing policies, such as patent infringement and trade secrets.
TMK’s intellectual property policy includes coverage for infringement of:
- Trade Marks
- Trade secrets
- Registered designs
- Domain names
With a limit of Euro 25m
The new product is being launched through a series of TMK IP Masterclasses that will take place in Europe. Attendance is open to brokers and clients in France, Monaco, Luxembourg and Belgium.
TMK’s IP underwriter Marie L’Affeter said: “The value of intangible assets, such as IP, is rapidly increasing. While France is home to some of the world’s major patent innovators, until now, these businesses have not had access to comprehensive IP insurance protection. Companies are becoming increasingly aware of their exposure to this risk and I am delighted that we will now provide coverage to this under-served market. We have received excellent feedback from our first IP masterclasses, which serve to increase our brokers’ and clients’ understanding of this complex risk and demonstrate the steps that can be taken to mitigate it. I look forward to growing our presence in these markets.”
If you would like more information on the new product or if you would like to join an IP masterclass, please contact Marie Marie.Laffeter@tokiomarinekiln.com
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