Lloyd’s broker, Kinetic Insurance Brokers Limited announced that it has “entered into a multi-million pound underwriting agreement with Gable Insurance AG to underwrite Specialist Commercial Surety Bonds within the UK and EU markets.”
The bulletin explained that this is a “new facility and will provide much needed capacity into a growing area of the market. Kinetic has been granted underwriting authority to accept business on behalf of Gable that meets their underwriting guidelines. This will enhance the service to clients by making the acceptance process much more efficient.”
Kinetic Insurance Brokers CEO John Mitchell commented: “Kinetic Insurance Brokers Limited in association with CHJ Management, the Guarantee and Surety Specialists, are delighted to be working with Gable whose flexible and experienced approach to underwriting this niche class has been a deciding factor.”
Bill Dewsall, Chief Executive of Gable Holdings Inc. added: “We are very pleased to be working with Kinetic Insurance Brokers and CHJ Management to underwrite a range of specialist Surety Products and look forward to further profitable development of this class.”
Source: Kinetic Insurance Brokers Limited
Topics Agencies Europe Underwriting
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