{"id":1830,"date":"2024-10-30T15:54:55","date_gmt":"2024-10-30T19:54:55","guid":{"rendered":"https:\/\/bridgespecialtygroup.com\/delegated-authority\/"},"modified":"2024-12-02T16:31:26","modified_gmt":"2024-12-02T21:31:26","slug":"delegated-authority","status":"publish","type":"page","link":"https:\/\/bridgespecialtygroup.com\/uk\/delegated-authority\/","title":{"rendered":"Delegated Authority"},"content":{"rendered":"\n
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Delegated Authority<\/h1>\n\n\n\n

Whatever your risk, our specialists will find the best solution<\/h3>\n\n\n\n

Bridge Specialty International is one of the leading Delegated Authority brokers operating in the London Insurance Market. We help new and existing MGAs and insurance intermediaries globally to manage existing and develop new delegated underwriting agreements or bring together volume books of business spread across different insurers.<\/p>\n\n\n\n

We also have many years of experience assisting entrepreneurial underwriters with starting new business ventures, with an agreed joint venture ownership and exit structure. We can also provide a full service to launch a brand new enterprise.<\/p>\n\n\n\n

Our Delegated Authority service is a complete solution, offering:<\/h4>\n\n\n\n
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  • Advice on strategy<\/li>\n\n\n\n
  • Business plan advice and development<\/li>\n\n\n\n
  • Analysis of book of business\/portfolio<\/li>\n\n\n\n
  • Finding suitable rated insurer security<\/li>\n\n\n\n
  • Negotiation\/provision of delegated underwriting arrangements<\/li>\n\n\n\n
  • Negotiation of Lloyd\u2019s coverholder status and regulatory support<\/li>\n\n\n\n
  • Enhanced commission structures including profit-based incentives<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
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    Our extensive relationships with Lloyd\u2019s and other insurers, coupled with our provision of bespoke in-house designed technology providing market leading data, enables us to negotiate underwriting contracts and niche binding authorities that will help you improve your bottom-line.<\/p>\n\n\n\n

    We will help you to establish new entities, expand into new areas of business, manage existing business better or reduce your costs. We will also enhance your ability to provide high quality products and excellent service to your clients.<\/p>\n<\/div><\/div>\n\n\n\n

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    Business Classes<\/h1>\n\n\n\n

    We provide specifically tailored programmes and strong underwriting relationships.<\/h3>\n\n\n\n

    Our solution covers a wide range of business classes, including (but not limited to):<\/h4>\n\n\n\n
    Accident & Health<\/strong><\/td>Personal Accident and Sickness cover for private individuals and groups.<\/td><\/tr>
    Buy to let<\/strong><\/td>Buildings & Contents coverage to protect the landlords’ properties.<\/td><\/tr>
    Commercial Combined<\/strong><\/td>Package policies covering buildings, contents, public liability and  employers liability.<\/td><\/tr>
    Commercial Property<\/strong><\/td>All risks including Accidental Damage or coverage for specific named perils.<\/td><\/tr>
    Contingency<\/strong><\/td>Event cancellation, Non Appearance & Prize Indemnity.<\/td><\/tr>
    Engineering Lines<\/strong><\/td>Construction and machinery breakdown risks.<\/td><\/tr>
    Extended Warranty<\/strong><\/td>Extended warranty and gadget products for 1, 3 and 5 year terms. <\/td><\/tr>
    General Liability<\/strong><\/td>Public liability, Products Liability and Employers Liability.<\/td><\/tr>
    Household \/ Homeowner<\/strong><\/td>Buildings & Contents including Accidental Damage cover whether on a combined or stand-alone basis for Standard, Mid Net Worth & High Net Worth Individuals.<\/td><\/tr>
    Kidnap & Ransom<\/strong><\/td>Kidnap & Ransom cover for private individuals and groups.<\/td><\/tr>
    Marine<\/strong><\/td>Hull & Machinery, Protection & Indemnity and Cargo exposures.<\/td><\/tr>
    Non Standard Property<\/strong><\/td>Buildings & Contents coverage for risks of non-standard construction or unoccupied or let to Housing Associations.<\/td><\/tr>
    Pet<\/strong><\/td>Veterinary Fees, Death by Accident and Illness, Theft or Straying and Public Liability coverage.<\/td><\/tr>
    Professional Lines<\/strong><\/td>Directors & Officers, Professional Indemnity and Crime coverage.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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    Why Bridge Specialty?<\/h1>\n\n\n\n

    We always put our clients\u2019 needs first, with a commitment to personal service and a passion for the business that sets us apart.<\/h3>\n\n\n\n
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    • Highly experienced team:<\/strong> We employ top experts with exceptional market knowledge and expertise across all key classes<\/li>\n\n\n\n
    • Customised programs:<\/strong> Working together with you we will create a tailor-made program that meets your individual requirements and specific goals in the short and longer-term giving you improved ownership and control of your business.<\/li>\n\n\n\n
    • Strong underwriter relationships: <\/strong>Over the years, our numerous successful programs have helped us establish trusted relationships with many insurers. This enables us to offer the long-term, stable solutions you need to build your book of business.<\/li>\n\n\n\n
    • Long term partners:<\/strong> We will work in close partnership with you to develop and manage the business in your chosen areas, helping you to continually adapt to the changing markets and ultimately grow and add value to your businesses.<\/li>\n\n\n\n
    • Enhanced profitability:<\/strong> We provide attractive commission structures and profit-based incentives, and we also collaborate with your existing arrangements to review and enhance your profit margins. One of the largest brokers for binding authorities<\/li>\n<\/ul>\n<\/div>
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      Additional Services<\/h1>\n\n\n\n

      Each client comes to us with individual requirements as varied as the areas of business they specialise in<\/h3>\n\n\n\n

      We are sure you are no different. That\u2019s why we have spent years developing a trusted network of partner providers, who have enabled us to expand our capabilities, reach and resources to meet your every need today and as you grow in the future.<\/p>\n\n\n\n

      IT e-business platform<\/h4>\n\n\n\n

      Our IT solutions partner can provide you with cost effective web-based front office and e-business solutions to assist you in the management of your business.<\/p>\n\n\n\n

      Loss adjusting \/ claims management<\/h4>\n\n\n\n

      Our claims management partner can provide you with innovative and bespoke loss adjusting and claims-related solutions including highly flexible claims management systems that will provide you with full real-time management information.<\/p>\n\n\n\n

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      Contact us<\/h1>\n\n\n