National Transport Insurance (NTI) aims to dominate the mobile plant and equipment market following the rollout of new specialist cover.

The heavy motor insurer says its new Yellow Cover, made possible by the pending transfer of Lumley portfolios, combines the best of Lumley and NTI policies.

Although NTI already provides plant and equipment cover, the new product, available from June 1, represents increased focus and ambition.

“The transfer of the Lumley portfolio has given us the opportunity to expand our capability in the plant and equipment market with a new leading policy and the recruitment of expertise from Lumley,” NTI GM Sales & Distribution Mike Edmonds said.

“With our local experts across the country and our award-winning claims services, we’re aiming to be the leader across the mobile plant and equipment market.”

CGU and Vero have jointly owned and operated NTI since 2001. The Lumley transfer has been pending since IAG’s purchase of Wesfarmers’ underwriting business last year.