Mocden Insurance Consultants
Mocden Insurance Consultants
International Insurance Experts
International Insurance Experts

 Visitor Count

Coverholder Binding Authorities/Facilities

We are particularly strong in North America and the Middle East. We have an expertise in building solutions in emerging markets, and will not discount markets on our own door step - UK and Western Europe.

 

Essentially we can provide loaned capital to underwriting Professionals worldwide both Insurance and Reinsurance.

 

Markets providing this service have considerably tightened the conditions under which they will consider offering their capacity. Monitoring/auditing of facilities is also far more strictly enforced by Capital providers following a raft of regulatory reform and changes (worldwide) that have been implemented from the 2000's.

 

The Money Laundering stipulations post Sept 11, 2001, the European Insurance Mediation Directive, the formation of the FSA,  the Spitzer attacks on contingent commission, Solvency II,  are only a few of the main catalysts that have made the managing of insurance carriers more challenging.

 

We recognise that new entrants looking for a binding authority need expert guidance and sponsorship through a maze of issues involved and advice on the most appropriate Capital providers for their class of business and territory.

 

We have buillt a large clientele of and can provide service to our clients at the highest level of the company.

 

Types of Binders/Facilities:

 

  • Homeowners
  • Motor Commercial/Private
  • Motor truck cargo
  • Dealership Programs
  • Personal Accident
  • Engineering Plant and Equipment
  • Professional Indemnity/ Errors and Ommissions
  • Liability
  • Commercial Property and Liability

 

 

Our Clients:

 

  • Managing General Agents/ Underwriting Agencies
  • Reinsurance Wholesale Brokers
  • Insurance Brokers

Geographic location is no obstacle to us. Where there is a business justification and an appetite to transact business we will consider it.