As a wholesale broker, C J Coleman recognises the critical role that Binding Authorities play in ensuring the efficient placement of risks. Our aim is to provide straightforward efficient access to the London Market, which helps to protect the profitability of our agents as the insurance market becomes ever-increasingly competitive.
We assist our agents through the effective construction, negotiation and marketing of a facility, as well as making the placement of individual risks as efficient as possible. A detailed understanding of each book of business is gained by closely monitoring how each facility develops, which then allows the product to be updated and enhanced as necessary by utilising our market and technical expertise.
Whether a Binding Authority requirement is new, or an existing facility that requires enhancement, C J Coleman is able to help. Depending upon a client’s needs, we are able to offer the expertise to support Coverholders in effectively accessing the full range of the insurance market, as well as providing a number of our own in-house facilities across a range of disciplines. Binding Authorities can be arranged from a prior submit basis through to complete delegated authority.
C J Coleman continues to invest in technology to streamline processes and enhance communication with clients, while our back-office systems ensure that all market and regulatory requirements are met efficiently and that risks are bound, and documentation issued, in a timely fashion.