Newline Group announced the launch of its new service company, Newline Canada Insurance Ltd., based in Toronto.
Newline Group is part of the Odyssey Group, a wholly owned subsidiary of Fairfax Financial Holdings.
Newline Canada will offer a suite of specialty insurance products primarily focused on small- and mid-sized clients. Initial offerings include directors & officers liability, professional indemnity, commercial crime and bankers blanket bond.
Led by James Benson, who was appointed its chief underwriting officer, Newline Canada will operate as a coverholder for Newline Syndicate 1218 at Lloyd’s.
“Establishing local offices in key territories is a part of our ongoing strategy to be closer to our distribution partners and our clients,” said Carl Overy, CEO of Newline Group. “Canada represents an important market for Newline and having Jim on the ground will further fuel our growth as we work to tailor products to meet clients’ needs whilst providing local service.”
Benson has 17 years of experience in the insurance industry. He joined Newline in 2009 and most recently served as a class underwriter for directors & officers liability in London.
About Newline Group
Newline Group is a specialty insurance group that operates through two underwriting platforms, Newline Syndicate 1218 at Lloyd’s and Newline Insurance Co. Ltd. Headquartered in London, Newline underwrites international casualty and cargo business in more than 80 countries. It also has offices in Cologne, Leeds, Malaysia, Melbourne and Singapore, and presence at Lloyd’s China in Shanghai.