DELEGATED BUSINESS FOR MGAs AND BROKERS
Supporting and managing UK and international coverholders is an area we excel at. We have a profile of long lasting and fruitful coverholders to our name – the two largest being clients for 15 and 10 years respectively. We consider time and an entrepreneurial spirit the main ingredients to any successful relationship.
A coverholder arrangement is obtained through mutual recognition of achieving specific long-term goals with the support of a Lloyd’s Managing Agent and your sponsoring Lloyd’s Broker. With access to the entire Lloyd’s market, we are well versed in the development of forward-thinking insurance programmes and placement of wholesale insurance solutions.
WHOLESALE SERVICES
- Delegated binding authorities (Lloyd’s Coverholders)
- Lineslip facilities
- Master policies / schemes
- Treaty reinsurance
GEOGRAPHICAL FOCUS
- Australia
- Canada
- Europe
- New Zealand
- South Africa
- United Kingdom
- Rest of World – please enquire
PRODUCT CLASSES
- Commercial Crime / Fidelity
- Contingency
- Cyber and Technology
- Directors’ & Officers’ Liability
- Employers’ Liability Public and Products Liability
- Equine & Livestock Insurance
- Financial Institutions
- General Liability
- Kidnap & Ransom Insurance
- Legal Expenses
- Medical Malpractice
- Pension Fund Trustees Liability
- Professional Indemnity Insurance
- Warranty & Indemnity
BUSINESS IDEA
Meet with WHC, the sponsoring Lloyd’s Broker, and prepare a detailed business plan
Minimum Requirements
– The opportunity
– 3 year income protection
– Minimum 3 year loss history
– Underwriting rationale/criteria/risk appetite
– Company strategy
– Market overview
THE
COVERHOLDER
JOURNEY
SEARCH & NEGOTIATE
WHC identifies suitable Managing Agents to support the business plan proposal
REFINE
Refine opportunity and set-up Binding Authority Agreement
STAGING
We assist you to complete the Coverholder funding form and associated compliance
APPROVAL
Firm is an approved Coverholder with delegated authority
MANAGE & EXPAND
We continue to work with you to support and grow your business
THE
COVERHOLDER
JOURNEY
Minimum Requirements
– The opportunity
– 3 year income protection
– Minimum 3 year loss history
– Underwriting rationale/criteria/risk appetite
– Company strategy
– Market overview
BUSINESS IDEA
Meet with WHC, the sponsoring Lloyd’s Broker, and prepare a detailed business plan
SEARCH & NEGOTIATE
WHC identifies suitable Managing Agents to support the business plan proposal
REFINE
Refine opportunity and set-up Binding Authority Agreement
STAGING
We assist you to complete the Coverholder funding form and associated compliance
APPROVAL
Firm is an approved Coverholder with delegated authority
MANAGE & EXPAND
We continue to work with you to support and grow your business
Get In Touch
Send us a message and let’s have a conversation