Century Underwriting gains Lloyd’s coverholder status
Century Underwriting, the specialist commercial managing general agent (MGA) has been granted Lloyd’s coverholder status; an important development in the firm’s five year diversification plan to become a multi specialist lines MGA.
The first product to be underwritten via this new arrangement will be its property owners facility, which will be supported by Canopius Managing Agents. Century has a broad appetite for property owner risks including vacant, listed and non-standard construction. Property owners is the first of a number of new lines planned to make use of the Lloyd’s platform.
Century continues to maintain its specialist focus on commercial motor, but in addition to property will be looking to broaden its appetite further into additional complementary commercial lines.
“I am delighted to be working with Lloyd’s once more and especially with Canopius, a syndicate with great experience and expertise in the niche property market,” said Martin Hughes, underwriting manager for the UK Property division.
“I look forward to growing our partnership which I believe will develop quickly and to the benefit of all stakeholders.”
Guy Fraser, managing director of Century Underwriting, added: “We are proud to be associated with Lloyd’s. This move demonstrates our commitment to considered growth without compromising on expertise.
“By combining access to an experienced underwriting team with robust capacity and efficient technology, we are in a strong position to deliver on our long-term planned growth.”
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