binding authority News

Brit Pilots 1st Continuous Binder for Delegated Authorities, to Replace Annual Renewals

Brit Ltd. announced it has piloted the first continuous binder at Lloyd’s for delegated authorities, which will go live in January 2022. Continuous contracts form a key part of the Future at Lloyd’s vision for delegated underwriting, said Brit. The …

JLT Re Builds Programs & Binding Authorities Division with 3 New Hires

JLT Re, the London-based reinsurance broker and consultancy, announced it is continuing to develop and diversify its Programs and Binding Authority Division with three new appointments. Mark Sleet has joined from Miller where he specialized in casualty business; Sleet has …

RSG’s Global Special Risks Launches Underwriting Facility for Upstream Energy Risks

Ryan Specialty Group’s Global Special Risks (GSR), a subsidiary of RSG Underwriting Managers, LLC, has launched a new binding authority facility for the Upstream Solutions Energy Package, which provides products for oil and gas operators and non-operators of North American-based …

CPro Associates Spin-Off Concentrating on Commercial Insurance Business

Dallas-based CPro Associates has spun off its binding authority and programs unit as a new company, B&H Risk Services Inc., headed by William E. Buckley. Buckley joined CPro in late 2013 to form and develop the new business unit. B&H …

ACES Launches Artisan Contractor Program in California

ACES Commercial Insurance Services, Inc., a managing general agency offering specialty commercial insurance products now has in-house binding authority for small artisan contractors in California. The program is non-admitted with an AM Best Rated AX carrier, the program is designed …

Miller Appoints Smith for Scandinavian Binding Authority

UK broker Miller has added Piers Smith to its international team to direct binding authority in Scandinavia, in a move it described as an “expansion of its international platform for binding authority business.” Smith is a specialist in the placement …

UK’s Miller Creates New Specialist Binding Authority Team

London-based broker Miller announced that it has created a new international platform for its binding authority business with the formation of a specialist binding authority team. “The team will be based in London and will be led by Jonathan Sale …