Binding Authorities
Catlin writes a significant portfolio of third party coverholder business throughout the world.
North America Binders
The North American Non-Marine Binding Authority team specialise in first party property and automobile-related risks written under delegated authorities.
The vast majority of business written is located in North America and administered by specialist managing general agents and brokers. The risk profile is under US$ 5m total insured value in most cases and the target risk would not be cost effective if administered or marketed in any other way.
Catlin is a major player in the London surplus lines market and leads a significant proportion of its business. Our underwriters have built long-standing relationships with many of their managing agents.
Coverage includes commercial property, personal lines, inland marine and commercial automobile (physical damage only) are written on standard ISO or Lloyd’s policy forms, usually excluding the perils of flood and earthquake. Stand-alone earthquake and flood are also written by specialist coverholders.
The Binding Authority team also writes numerous niche products such as personal article floaters, contingent risks and affinity scheme business.
UK and International Binders
As a Lloyd’s UK property market leader, Catlin has considerable experience from which to draw, combined with good relationships with risk management consultants and an ability to write cross class binding authorities and facultative business.
We have our own bespoke UK policy wording which caters for specified perils and all risks coverages. This can be further tailored if needed.
Binding authority classes vary from personal lines; automobile physical damage; point of sale insurance and general commercial business.
International Binders
Residential, automotive damage and general commercial property are all part of the Catlin international binder portfolio. In addition to this, we also underwrite various earthquake portfolios across Europe and various cross-class binders.
The majority of this book is written on Lloyd’s paper, supported by the subscription market. Binders are sourced from all over the world, writing on a quota share, a primary and excess of loss basis and occasionally via co-insurance.
Both general and niche segments are targeted in various corners of the globe but a good solid relationship with the coverholder is paramount.
