20 July 2016 Insurance

Castel appoints binding authority manager

Castel Underwriting Agencies (Castel), a managing general agent (MGA) formation platform, has appointed Mark Sambridge as binding authority manager.

Sambridge has over 27 years of experience in the Lloyd’s market covering reinsurance credit control and claims, and technology management roles.

He most recently served as binding authority manager and facilities credit control manager at JMD Specialist Insurance Services, a part of R&Q Investment Holdings.

Sambridge will be responsible for the development, management and governance of Castel’s binding authority arrangements. This includes the development and ongoing monitoring of the firm’s binding authority control framework, along with regulatory and cover holder compliance requirements.

He will also support additional underwriting cells joining the Castel MGA formation platform in establishing frameworks and guidelines as well as overseeing the formation and management of binding authorities with capacity providers at Lloyd’s and in the London market.

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