Broking of the Submission to Insurers and Lloyd’s Syndicates
Business Planning
Drafting & negotiation of the Binding Authority Contract
Market Presentation Drafting
Negotiation of policy wordings
Reinsurance support for direct insurers seeking capital relief or protection against frequency or catastrophe claims
Securing of delegated authority
Support for audits & due diligence
W Denis Europe has expertise
in the following areas:
All the benefits, right here
Coverholders, or managing general agents, now play an important role in the way in which insurance capacity is distributed around the world.
A coverholder is a legal entity, in the form of a partnership or a company, which is authorised to offer insurance quotations, bind contracts of insurance and issue policy documentation on behalf of one or more insurance companies, or Lloyd’s syndicates.
Lloyd’s conducts business in over 200 countries around the world and much of this is done through the coverholder model. Coverholders have local knowledge of their market and customers and create an excellent distribution platform for global insurers to distribute underwriting capital.
They benefit from securing exclusive deals, underwriting expertise, financial strength and brand to sell to it`s clients or brokers.
The coverholder application process can be made less complicated by employing the help of a specialist Lloyd’s broker.
Binding Authority
Service
A world of local expertise gathered in one place for your convenience. Get exactly what you need from a specialist Lloyd’s broker.
