HomeUncategorizedSpecialty MGA UK secures Lloyd's Coverholder status

Specialty MGA UK secures Lloyd’s Coverholder status

Specialty MGA UK guarantees Lloyd’s Insured status | UK insurance business

Specialty MGA UK opens up new possibilities for global insurance solutions

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Specialty MGA UK, a recently established managing agent (MGA) that specializes in the provision of additional capacities for specialty businesses, has been approved as a Lloyd’s Policyholder.

This Policyholder status grants Specialty MGA UK the power to bind insurance policies on behalf of Lloyd’s corporations, allowing it to provide insurance and reinsurance solutions to businesses. all around the world.

“We are delighted to be recognized as Lloyd’s Insured and to have access to one of the most renowned and trusted sources of insurance in the world. Phil Cottle (pictured), head of forestry and agriculture at Specialty MGA UK said:

Specialty MGA UK’s ForestRe team can now provide coverage through Lloyd’s organisation. The team will provide support to Lloyd’s clients seeking forestry-specific knowledge as the importance of offsetting and reducing carbon emissions continues to grow.

“Developing this service will be good news for Lloyd’s and its customers across a wide range of sectors, as businesses consider their impact on climate and the role of offsets and plantations. forests in mitigating that impact. We work with some of the biggest names in the field and are able to provide Lloyd’s insurers worldwide with access to reforestation and carbon credits,” Cottle said. know.

In addition, Specialty MGA UK possesses expertise in areas such as underwriting, financial lines, networks and international assets. Since its founding last year, Lloyd’s accreditation marks an important milestone for MGA as it expands its global offerings.

“This is an important step forward for everyone at Specialty MGA UK and I am delighted at the rapid progress we have made in a relatively short period of time. Philippe Bara, underwriting director at Specialty MGA UK said.

“Our focus has always been on delivering value to our customers by finding unique solutions to their problems, and the new capacity at Lloyd’s greatly increases our ability to do that. “

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