LONBINDER is a specialist insurance solution designed to help new and existing MGAs and Insurance Intermediaries to manage existing and develop new binding authority arrangements or bring together volume books of business spread across different insurers.
We also have many years of experience in assisting entrepreneurial underwriters to start up new business ventures, with an agreed joint venture ownership and exit structure, and can provide a full service to launch a brand new enterprise.
LONBINDER is a complete solution, offering:
- Advice on strategy
- Business plan advice and development
- Analysis of book of business/portfolio
- Finding suitable rated insurer security
- Negotiation/provision of delegated binding authority arrangements
- Negotiation of Lloyd’s coverholder status and regulatory support
- Enhanced commission structures including profit based incentives