Castel Bloodstock Secures New Binder with Lloyd’s Capacity

Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225.

The new capacity supports a bloodstock account focusing on high value thoroughbred, sports horse and show horse risks, and equine mortality and transit risks. Castel did not disclose the level of capacity provided.

Castel Bloodstock is part of Castel Specialty, the division of club-style managing general agent (MGA) formation platform Castel Underwriting Agencies Ltd., which supports individual underwriters with smaller books of niche business. Castel Underwriting is an MGA and part of Barbican Insurance Group.

Castel Bloodstock is headed by David Higgins and supported by Tara Woodward, who joined Castel in September 2017 from Novae.

“We have attracted strong, quality capacity that supports our business plan and recognizes our commitment to writing a broad spectrum of bloodstock risks largely on a following basis,” said Higgins.

Source: Castel Bloodstock

Topics Excess Surplus Insurance Wholesale Lloyd's