Binding authority

An insurance Intermediary which is not a Lloyd’s Broker can only gain access to the Lloyd’s market through the sponsorship of a Lloyd’s Broker.
As Lloyd’s Brokers we are able to provide our Clients with access to a large number of Syndicates and Underwriters offering niche products to meet their specific requirements.
Our highly professional and experienced broking team is able to place and manage individually tailored delegated authorities known as Binding Authority contracts for a wide range of exposures, providing coverage for various classes of business.
Our main goal is to develop triangular relationships between us, Brokers and Underwriters. These relationships are paramount to success and result in long term profitable relationships.


Advantages:

  • Much lower minimum premiums can be set per policy.
  • Lower administration costs,
  • Possibility to conduct business with a wider market

Our experience embraces but is not limited to the following:

  • Professional indemnity
  • Entity Coverage
  • D&O
  • Yacht Marine
  • Cargo

We are specialised in Binding Authority management and are able to provide professional claims services 



We offer more possibilities to meet your every need.


Rea Group

Solutions we provide

Our staff provide various types of coverages