DELEGATED PROPERTY INSURANCE
Our Delegated Authorities team specialises in binding authority business written by way of delegated underwriting authorities to Managing General Agents (MGAs). Our business is written in the UK and across North America including the USA, Canada, and the Caribbean.
We are a significant player for both retail and wholesale business in the Lloyd’s Excess and Surplus (E&S) lines market via our Canopius Syndicate 4444. We also have a strong presence in the domestic E&S market via our wholly owned company platform Canopius US Insurance, Inc. which is fully licensed in all 50 states with an AM Best (A-) rating.
Target Audience
- Affinity groups
- Building societies
- Commercial businesses
- Landlords
- Lenders
- Managing General Agents (MGAs)
- Property management companies
- Property owners
- Real estate investors
- Renters
What sets us apart
Strong partnerships, tailored solutions
At the heart of our approach is the cultivation of robust partnerships with our agents. By gaining a deep understanding of your needs, we can tailor our products accordingly.
Proven expertise, lasting trust
Our prowess is evident in our enduring client relationships and a proven track record. Many of our key business partners have entrusted us with their needs for more than a decade, with some partnerships surpassing 20 years.
Bespoke wordings, dedicated specialists
Our in-house wording team is highly regarded in the market for its expertise and deep understanding of the nuances specific to our industry.
Swift, expert claims handling
With an in-house claims team ready to act quickly, we prioritise fast assessments and resolutions to keep businesses moving.
FAQs
What is a delegated authority?
A delegated authority relationship is formed when an insurer permits another party to act on their behalf, either in an underwriting or claims-handling capacity.
What is the difference between MGA and delegated authority?
The term ‘delegated authority’ refers to a contractual arrangement under which one party authorises another party to act on their behalf. An insurer grants an MGA the authority to perform certain business functions on its behalf: underwriting, binding cover, claims handling etc.
What is a delegated claim?
A delegated claim is a claim that is handled by a third party on behalf of the insurer under a delegated authority agreement. This means the insurer has given permission to an MGA, cover holder, or another entity to assess, manage, and settle claims within pre-agreed guidelines.
