Binding authorities
We advise a diverse range of agents and brokers and provide the design and negotiation of authorities and programmes where the key element is delegated underwriting. This is a growing sector of the market and is also an environment of increasing regulation and compliance.
Underwriters now require more detailed and up to date information on which to base their underwriting decisions, while cover holders need to demonstrate they have strict monitoring, underwriting and business management procedures.
On-line communication and business processed through our UniRisX system enables automatic preparation of policy documentation and statistical information, including certificate production, aggregate tracking and London market bordereaux. We have representation in UK, US, Canada and Australia.
Contact us: bindingauthoritiesteam@priceforbes.com
Our areas of expertise include:
General commercial lines
- Commercial property
- General liability
- Package
- Specialty liability business including heavier classes such as recreational and contractors
- Dwelling fire, including both high and low value homeowners
- Inland marine, including contractor’s equipment and FTC
- Professional lines including directors and officers liability
- Contingency including event cancellation
- Customised facilities for a range of associations and affinity group.