Coverholder Binding Authorities / Facilities
(Worldwide)
Overview:
Essentially providing loaned capital to underwriting Professionals worldwide both Insurance and Reinsurance.
Markets providing this service have considerably tightened the conditions under which they will consider offering their "pens". Monitoring/ auditing of facilities is also far more strictly enforced by Capital providers than prior to the advent of Financial Services Authority Regulation.
New entrants looking for this "loaned" capital need expert guidance and sponsorship through the maze of issues involved and advice on the most appropriate Capital providers for their class of business. Constantly changing micro business environments around the world require constant sensitivity to the competitive environments of coverholders. Chesterfield have built a large clientelle of this business as a wholesale broker and provide service to our clients at the highest level of the company.
Type of Binders/ Facilities:
- Homeowners
- Motor Commercial/ Private
- Dealership Programs
- Personal Accident
- Engineering Palnt and Equipment
- Professional Indemnity / Errors and Omissions
- Liability
- Commercial Property and Liability
Our Clients:
- Managing General Agents / Underwriting Agencies
- Reinsurance Wholesale Brokers
- Insurance Brokers
Broking Contacts:
Alan McGraw
Broker – Director (Chairman)
amcgraw@chesterfieldgroup.co.uk
+44 (0)20 7481 1683
Andrew Thacker
Broker – Executive Director
athacker@chesterfieldgroup.co.uk
+44 (0)20 7481 1683
Chris Gaddes
Broker – Assistant Director
cgaddes@chesterfieldgroup.co.uk
+44 (0)20 7481 1683
