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Delegated Underwriting

Coverage under Great Lakes Insurance SE, Lloyds and other companies

We are market leaders in providing Excess and Surplus lines binding authority contracts on behalf of Great Lakes, Lloyd’s, and Company markets.

We offer traditional and digital binding authorities, both of which facilitate real time data transfer and processing. We are also able to provide a breadth of analytics tools to support our customers. In addition, we can expand the binding authority capacity provided through combining multiple markets.

Access to Markets

We believe in taking a long-term approach to our relationships that not only facilitates risk transfer but brings the expertise of our clients to strong and committed international markets.

Our capacity is accessed through our ties with Great Lakes, Lloyd’s, and other companies.

Great Lakes Insurance S.E.

Lloyd's & Company Markets

Our delegated underwriting teams are responsible for providing our US wholesale broker and managing general agent customers with Excess and Surplus (E&S) lines binding authorities on behalf of Great Lakes, a leading operator in the primary market.
We are proud to work with Great Lakes Insurance SE, a wholly owned subsidiary of Munich Re, which has an A.M. Best ‘A+’ Superior XV rating.
We look for long-term partnerships, where we arrange flexible Excess and Surplus (E&S) binding authority contracts on behalf of Great Lakes Insurance SE (Great Lakes), in particular for short tail, property driven, small to medium size risks.

Our experienced broking team has been placing binding authority business through Lloyd’s and company markets for over 30 years.
Our philosophy is to cultivate long-term contracts by bringing our customers and their expertise together with strong, committed markets.
Our Lloyds and company markets team is dedicated to securing the right kind of cover in the right kind of markets. We’re here to manage and facilitate the entire process of obtaining a new binding authority, from outline plan to signed contract and everything in between.
We work closely with the Delegated Underwriting team and have developed the ability to combine our Lloyd's, Great Lakes and other markets’ policies to expand the binding authority capacity provided.

Products

We specialize in short-tail, property-driven, small-to-medium-sized risks.

Our expertise, combined with our access to Great Lakes and Lloyds and company markets capacity, allows us to consider all opportunities within the E&S market, including general liability (as part of a package policy), personal lines, transportation, and larger value risks.

The areas we cover include:

Commercial Property

Homeowners

High Value Homes

We offer access to natural catastrophe capacity, alongside prescriptive and non-prescriptive options, on classes or risk attributes. We also consider providing primary and excess, as well as full value, business.

While our focus is on homeowners and dwelling business, we also consider mobile homes. We look to bring flexibility of rate and terms, alongside access to natural-catastrophe capacity, to customers. We have prescriptive and non-prescriptive options on risk attributes, along with a high per-risk capacity.

We offer larger homeowner risk limit contracts in both cat and non-cat territories alongside, and often combined with, our direct single risk capabilities.

Investor-Owned property

Financial Institutions

Transportation and Inland Marine

We offer coverage for smaller schedules of professionally managed Investor portfolios.

We provide lender-placed insurance solutions for force-placed business, including fire/hazard, flood, wind, and REO.

We consider auto physical damage (APD), dealers’ open lot (DOL), Garage keeper’s legal liability (GKLL), Motor truck cargo (MTC), and other inland marine risks.

Earthquake

Flood

We offer stand-alone earthquake coverage. We provide flexible or guided rating and high per risk limit. Natural catastrophe capacity is available in high-hazard territories, with primary and excess considered in addition to full value business.

We offer private flood coverage for both residential and commercial risks on a primary (including full value) and excess basis to specialist coverholders.

Our Process and Services

Every Binding Authorities client benefits from our dedicated teams in the technology and claims space because we know that relationships don’t start and end with the underwriting.

Technology

Claims

We make the most of the latest, most cutting-edge technology by:

Leveraging its capabilities to reduce costs, increase speed, and improve analytics.
Seamlessly integrating with US Coverholder or vendor systems to transfer data in real-time.
Instant pre bind data validation.
Providing advanced premium and loss analytics information immediately to our partners
Building out our digital rating and underwriting risk tools to remove administrative burdens and increase risk-selection speed.
Using our self-built analytical engine and associated techniques to improve underwriting, pricing, and claims management.

We know that relationships do not end after the underwriting process. That is why all our clients benefit from our dedicated claims team through the entirety of their policy’s term. Our guarantee to you:

Our experienced international teams will oversee and facilitate your claims requirements.
We will consider delegating claims settlement authority to your team or Third-Party Administrator assistance.
We will provide you with a proactive claims management service.
We will provide advice and assistance on claims data standards and reporting requirements.

The Bridge, our web-based data management portal, is available to all our delegated partners. The portal provides access to forms libraries and underwriting guidelines, underwriting reports, and real-time data management & report processing.

Our Experts

Our delegated underwriting team is responsible for delegating binding authorities on behalf of Great Lakes, Lloyds and other companies traded exclusively through wholesale brokers and managing general agents. To discuss a binding authority opportunity get in touch with one of our team below