As the famous French philosopher, Henri Bergson once said, “To exist is to change, to change is to mature, to mature is to go on creating oneself endlessly”.
Firedart derives a lot of inspiration from such thinking and our recent decision to discontinue the Construction Guarantee Underwriting Division and solely focus on Engineering is one such example of how we subscribe to progressive change in our business.

In line with this thinking, Firedart will be changing its name from Firedart and Construction Guarantee Underwriting Managers to Firedart Engineering Underwriting Managers. Our branding and logo has also received a makeover as a result. Firedart has a proud history with 13 years’ experience in underwriting engineering business. Our products are tailored made solutions for all types of engineering risks and include Contractors All Risks, Advanced loss of profits, Plant All Risks, Machinery breakdown, Loss of Profits, Deterioration of Stock, Works Damage, Electronic Equipment and Dismantling Transit and Erection.

Commenting on the refocus of Firedart to engineering underwriting only, Mike Tandy, the Managing Director of Firedart, comments as follows:

“Market conditions in the guarantee sector have called for us to revisit our product portfolio and to only offer engineering solutions with effect from January 2014. Engineering is a niche in the insurance market that we are passionate about, have excellent understanding of and have excelled in for over a decade. With our refreshed brand and focused underwriting approach we are equipped and are positioning ourselves for the growth opportunities spurred by infrastructural development locally and elsewhere on the continent. The Firedart name is well known to our valued   partners, our brokers as well as the rest of the short term insurance industry and we look forward to continuing to bring great service and specialist advice to both our brokers and their clients”.
Please contact either of the two executive directors of Firedart, Mike Tandy or Ian van Loggerenberg who are qualified engineers and are willing to assist you with any engineering insurance related requirements.

About Firedart
Firedart was started by Mike Tandy on 1 May 2001 and Ian van Loggerenberg joined February 2003, underwriting all classes of Engineering Business for Compass Insurance Company (Limited). Firedart has a proud track record of having received the most prestigious Compass Underwriting result 7 times, most recently in 2013. No other Compass agency has achieved this remarkable record. In December 2011 Lireas Holdings acquired a share in Firedart. Lireas is the strategic investment arm of Hannover Re and is a well-known investor in the underwriting agency market having been involved in the market for over 25 years.

In May 2012 Firedart merged with Construction Guarantee with the intention of providing brokers and their clients a ‘one stop shop’ for all their engineering and construction guarantee needs. Following the decision to close the Construction Guarantee division in January 2014, Firedart will continue to focus on engineering risks, including Contractors All Risks Advanced loss of profits, Plant All Risks, Machinery breakdown, Loss of Profits, Deterioration of Stock, Works Damage, Electronic Equipment, Dismantling Transit and Erection. Firedart remains committed to providing an outstanding service to its valued brokers.
For more information visit: www.firedart.co.za

About Compass Insurance
Compass Insurance Company Limited is a specialist South African Short Term Insurer, operating exclusively through Underwriting Management Agencies .

The Compass UMAs operate in niche/specialist insurance areas and focus on providing innovative and relevant products and services to individuals and businesses with specialist Insurance needs. Due to the specialist insurance needs, business is only underwritten through professional intermediaries who act as agents of the insured and advise on the best insurance cover.

Compass currently partners with the following UMAs: Commercial & Industrial Acceptances, Film & Entertainment Underwriters SA, Firedart and Construction Guarantee, Garagesure Consultants and Acceptances, Gem & Jewel Acceptances, Health & Accident Underwriters, Landmark Underwriting Agency, Motor Acceptances Underwriting Managers, MUA Insurance Acceptances, Paradigm Risk Consultants, Synergy Targeted Risk Solutions, Thatch Risk Acceptances and Transit Underwriting Managers.

Compass is wholly owned by Hannover Reinsurance Africa Limited.

For more information visit: www.compass.co.za