New MGA Samphire Risk backed via Lloyd’s to begin trading in UK
Samphire Risk, a new MGA venture backed through Lloyd’s and company market paper, with its Lloyd’s binder being led by re/insurance group Aspen, has secured regulatory approval to start trading in the London market.
The independent MGA will focus exclusively on hostile and malicious risk insurance. Coverages will include extortive crime, hostage-taking and kidnap, terrorism, and travel to and within insecure countries and locations.
Samphire is a venture of the CHC Group and led by chief executive officer (CEO) Charlie Hanbury, supported by Mark Skinner, chief underwriting officer, and Hannah Catchpole, assistant underwriter.
Hanbury said: “We now look forward to building the business and delivering innovative products supported by leading technology for our brokers and clients.”
Chris Butcher (pictured), CEO Insurance Services UK, a subsidiary of Davies Group, which supported the launch of Samphire Risk commented: “By providing core regulatory compliance oversight services through the utilisation of FCA regulatory permissions under an Appointed Representative Framework, we ensure our clients have the required level of resources and structured regulatory oversight controls and processes in place to guarantee that they operate to the highest regulatory standards.”
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