Insurance for financial institutions
Ptarmigan Underwriting Agency currently underwrites a Financial Institutions account on behalf of two syndicates at Lloyd’s.
Historically, Ptarmigan Underwriting Agency was principally a market for business emanating from Southern and Eastern Europe, The Middle East and North Africa, Southern Africa, the Far East, Central and South America and the Caribbean. More recently however, our capacity providers have broadened the scope of the account to encompass business from the UK, Western Europe, South Africa and Australasia.
We primarily underwrite crime coverage (Bankers’ Blanket Bond and Electronic and Computer Crime coverage) to inter alia commercial and private banks, central banks, stockbrokers, credit unions, mutual funds, currency exchanges and asset managers. We are also able to provide both Professional Indemnity and Directors’ and Officers’ Liability coverage for such entities. Our capacity for Crime and Professional Indemnity business is GBP 5,000,000 and for Directors’ and Officers’ Liability business is GBP 3,000,000.
We will also consider underwriting Commercial Crime and Plastic Card business.
Ptarmigan Underwriting Agency is a market for both insurance and facultative reinsurance submissions and business will be considered on both a primary and excess of loss basis.
For more information, please contact us.
David has over 40 years’ underwriting experience in the London Financial Institutions market, both in the company market and at Lloyd’s. David underwrites business on both a direct insurance and facultative reinsurance basis and, as a result of recent discussions with Ptarmigan Underwriting Agency’s capacity providers, Antares and Canopius Syndicates at Lloyd’s, is now able to accept Financial Institutions business from wider ranging territories – including the UK, Western Europe, South Africa and Australasia.
David also manages a Limited Binding Authority on behalf of Lucas Fettes & Partners Limited for Property, Construction and Professional Indemnity business emanating from the Middle East and North Africa, produced by Lucas Fettes & Partners’ exclusive partner, Commercial & General Reinsurance Brokers SAL, based in Lebanon.
Underwritten by certain underwriters at Lloyd’s
We are proud to be members of the Managing General Agents’ Association
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Ptarmigan Underwriting Agency is a trading style of Stackhouse Poland Ltd which is authorised & regulated by the Financial Conduct Authority in respect of General Insurance Business. Our firm’s reference number is 309340, which can be checked by visiting the FCA Register.