Our underwriting philosophy is simple:
- We write purely for technical results
- We underwrite small lines.
- We underwrite spread.
- We are primarily an XOL writer.
- When we are the specialists, we dictate the terms.
- Our sole distribution is London brokers, members of our network, or specialists.
- We expect our producers to operate according to global insurance business standards.
- We expect our brokers to carry adequate professional liability insurance.
- We aren't selling anything. We provide risk capital against a risk return when the potential return is commensurate to the risk.
- We will say No far more than when we say Yes. However, when we do say yes, we will stand by our underwritten commitment word for word.
- We don't take the trust of our (re)insurers lightly.
- We don't pay Ex Gratia claims
- We don't deviate from policy wordings
- We are not a bank, and expect to be paid our premium within the agreed payment terms.
- We are not a charity.
- We believe in customer service, but we are not necessarily customer friendly or out to build a brand.
- Our producer brokers come first. We depend on them and they depend on us.
- We don't do business direct.
- We will write at the price and terms that fit our underwriting appetite at the very bottom of the slip.