Latest news with #Syndicate4444
Yahoo
26-06-2025
- Business
- Yahoo
Equus Claims Management approved as Lloyd's DCA
Equus Claims Management, a company specialising in equine insurance, has secured Lloyd's Delegated Claims Administrator (DCA) status. The accreditation follows sponsorship from insurance group Canopius. The company, led by co-founders Mark Pilkington and David Nolan, is known for its expertise in the equine field, particularly within bloodstock, sports and recreational horse industries. Equus is also involved in adjusting claims for several UK equestrian associations. Pilkington and Nolan commented: 'Becoming a Lloyd's DCA is testament to our relationship with the Canopius team and shall only add to Equus' ability to be on-hand for clients in their hour of need.' Equus services include first notification of loss, third party administration, and claim handling from initiation to resolution. The company also offers investigative services and facilitates direct access to external equine experts for its clients. Canopius Equine & Livestock head Jeremy Chappell said: 'Having had the pleasure of working with Dave and Mark for several years, we are delighted to help facilitate Equus' path to Lloyd's DCA status whilst providing additional reassurance to our customer base in the event of an accident.' In April, Canopius engaged Global Parametrics, a CelsiusPro company, as a coverholder for its Lloyd's Syndicate 4444. Global Parametrics has entered into a binding authority agreement, enabling it to underwrite insurance products with an initial emphasis on natural disaster perils such as tropical cyclones, earthquakes, floods and excess rainfall. It is expected to contribute to the development of Canopius' portfolio in the area of natural catastrophe risks. "Equus Claims Management approved as Lloyd's DCA " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
25-04-2025
- Business
- Yahoo
Global Parametrics named Lloyd's coverholder for Canopius
Canopius, an international specialty lines and property and casualty (P&C) reinsurer, has selected Global Parametrics, a CelsiusPro company, as a coverholder for its Lloyd's Syndicate 4444. Under a binding authority agreement, Global Parametrics is authorised to underwrite for Canopius. The agreement will see Global Parametrics building a portfolio for Canopius, focusing initially on natural disaster perils such as tropical cyclones, earthquakes, floods and excess rainfall. This alliance capitalises on Global Parametrics' expertise in managing the natural disaster fund (NDF) since 2018. Global Parametrics will provide underwriting services and allocate risk capacity in accordance with the guidelines established by Syndicate 4444. CelsiusPro Group CEO Mark Rueegg said: 'The partnership with Canopius is a major milestone for our company. We are doubling down on our Group's core expertise of structuring parametric solutions and our approach to deploying risk capacity for climate and natural catastrophe perils. We are also thrilled to become part of the Lloyd's of London ecosystem as it will foster our ability to help more clients and communities become more resilient.' Canopius UK chief underwriter officer Alois Rouffiac stated: 'This partnership enables Canopius to deploy risk capacity for parametric solutions globally, which represents an attractive opportunity to further expand parametric insurance as a scalable solution. We believe these products can address the growing protection gap in regions where underinsurance remains a pressing issue.' In February, Canopius approved Qubit as a coverholder to distribute digital asset custody and crime insurance products from Hong Kong. Meanwhile, in the same month, Global Parametrics was in the news for offering parametric insurance cover to coffee farmers in Vietnam, in collaboration with Willis, a WTW business. "Global Parametrics named Lloyd's coverholder for Canopius " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
