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title A new home for ‘executive cars’ article The executive auto insurance company Aon has announced a deal with General Motors, which will see it cover the first batch, which are expected to sell in the coming months.
Aon will also cover the cost of covering claims for the first time, which can run into hundreds of thousands of pounds.
The deal follows a number of big insurers, including Allianz and UBS, withdrawing from US auto sales.
In the UK, the insurance firm is already covering the first wave of executive auto buyers who are due to hit the road in November, but it will be the first insurance cover to be offered to US buyers who buy the first cars.
As well as covering claims, Aon is also offering the first generation of the car’s features, such as the front-wheel drive technology.
“We are very excited about the first executive auto products, and look forward to working closely with GM and the American market,” said Aon chief executive Chris Wilson.
General Motors is planning to sell up to 1.5 million vehicles in the United States in the next 12 months, according to US sales data.
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