Binders
-
Sources believe Lloyd’s may be veering away from central DA systems.
-
The binder has a line size of $2mn and will enable the MGA to write international property risks in a number of international territories.
-
Lloyd’s has asked all syndicates to outline their delegated authority (DA) portfolio at a whole account level for syndicate business discussions (SBDs), as the 2024 business plan cycle kicks off.
-
Reinsurance renewals were more orderly than feared and business plan resubmissions have a positive weighting.
-
Argenta will be a cornerstone capacity provider to new MGA Casper, which will write $100mn in year one.
-
It is understood that the Miami-based underwriter will continue operating with capacity from Bermudian carrier PartnerRe and Mexican reinsurer Patria Re.
-
The executive joined the carrier last year as underwriting manager for US delegated authority.
-
LIMOSS and Vitesse will deliver the claims service, which is part of the Blueprint Two reforms, and are offering discounts to syndicates signing up in H1 2023.
-
Derrick Potton and Alex Fell will work on business development and management liability respectively.
-
The move follows Jess Pryor’s promotion to executive chairman of Brit’s US business.
-
Rising Edge will provide D&O cover for companies ranging from US-listed entities to private entities.
-
However, 2021 could be a turning point for the profitability of delegated authority books, according to the broker.
Most Recent
-
Axis Syndicate 1686 reports 2023 combined ratio of 87.5%
28 March 2024 -
Inigo posts $138.8mn profit for 2023
28 March 2024 -
Atrium 609 posts 97% CoR as Ukraine costs escalate
28 March 2024