Castel Bloodstock secures new Lloyd’s binder capacity
London, 08 March 2018 – Castel Bloodstock, part of Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Limited that supports individual underwriters with smaller books of niche business, has secured a new binder with Lloyd’s capacity.
The new capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225, is supporting a bloodstock account focusing on high value thoroughbred, sports horse and show horse risks, and equine mortality and transit risks. Castel Bloodstock is headed by David Higgins and supported by Tara Woodward, who joined Castel in September 2017 from Novae.
David Higgins said: “We have attracted strong, quality capacity that supports our business plan and recognises our commitment to writing a broad spectrum of bloodstock risks largely on a following basis.”
Castel Specialty supports individual underwriters with smaller books of niche business. It provides the infrastructure, capacity and business support required to enable experienced underwriters to join and begin writing their own books of business within weeks. Underwriters are rewarded and incentivised according to the profitability of their individual book of business.