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Ince Gordon Dadds Emergency Response +442072836999

Delegated
Underwriting

Delegated underwriting plays a vital and growing part in the insurance distribution chain. Establishing a Managing General Agency (MGA) or a Coverholder arrangement is an efficient and flexible way to provide innovative products, pool underwriting expertise and provide insurance carriers with opportunities to access niche markets.

Our specialist insurance and reinsurance and corporate expertise, coupled with our extensive experience in the market, means that we are able to provide an exceptional service to MGAs and coverholders. We are able to advise you across the full ‘life-cycle’ of your project and ensure that your overall interests and objectives are covered in all matters including set-up, operation, claims, dispute resolution and exit.

Corporate and regulatory

Our services relating to the creation and management of your MGA include:

>  Start-up and establishment of MGA structures

>  Regulatory advice on prudential and conduct of business matters

>  Dealing with compliance issues and ongoing corporate obligations

>  M&A and transactional advice (including advising onshare sales, assets sales, joint ventures, schemes of arrangement or other structures)

>  Advising on the run-off and wind-up of MGAs

>  Implications of Brexit

Insurance Advisory

Our broad expertise working with all kinds of stakeholders within the insurance market means we can deliver high quality and commercial advice on a wide range of matters. We can help you with:

>  Product concepts and structuring of the insurance and reinsurance programmes

>  Drafting policy wordings, TOBAs, binding authorities, underwriting and claims protocols

Claims

Our deep understanding of the risks our clients face, enables us to support our clients in all issues that arise when dealing with claims. We can advise you on large, complex and commercially sensitive disputes but are also adept at dealing with lower value matters on a cost effective basis. Our team can advise you on:

>  Policy coverage issues

>  Claims and litigation

>  Subrogated recovery actions

General Commercial & Other

We recognise that there are number of different issues that affect businesses in the insurance market, just as they do businesses in other sectors. Our full service offering enables us to provide broader services to your business always keeping in mind the specific concerns for MGAs and coverholders specifically. We can advise on:

>  General commercial agreements and arrangements, such as IT contracts, service agreements and other forms of outsourcing

>  Employment issues, both contentious and non-contentious

>  Real estate issues arising for your business, including advising on any leasing arrangements for office space

>  Intellectual property and data protection 

For more information as to how we can help you to meet your commercial objectives, please contact Kiran Soar, Hugh Bohling or Chris Crane.

Key contacts