20 July 2016 – Castel Underwriting Agencies Limited (Castel), the club-style MGA formation platform, has appointed Mark Sambridge as binding authority manager.
In this newly created role, Mark will also be responsible for the development, management and governance of all Castel’s binding authority arrangements. This includes the development and ongoing monitoring of the firm’s binding authority control framework, along with regulatory and coverholder compliance requirements.
In addition, Mark will support new 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.
Mark joins Castel from JMD Specialist Insurance Services, a part of R&Q Investment Holdings group, where he was the binding authority manager and facilities credit control manager. He has 27 years of experience in the Lloyd’s market covering reinsurance credit control and claims, and technology management roles.
Mark Birrell, chief executive officer of Castel, comments: “Mark’s appointment is in direct response to the continued success and growth of our MGA formation platform. He brings
in-depth knowledge and experience of successfully managing binding authorities and coverholder arrangements. This new role will form an integral part of our business, ensuring the smooth operation of all aspects of the binding authority process.”