Banyan Risk Services Ltd., a subsidiary of Bermuda-based specialty insurance managing general agent (MGA) Banyan Risk Ltd., has secured Coverholder Status at Lloyd’s.
Through this partnership, the company gains unparalleled access to the extensive capacity of the Lloyd’s market, via SiriusPoint’s Syndicate 1945, which will be complemented by the domestic insurers in Banyan Canada’s Executive Lines placements.
Becoming a Lloyd’s coverholder enables the company to offer enhanced capacity and bespoke risk solutions to its clients and broker partners around the world.
“Securing Coverholder status at Lloyd’s is a significant milestone and a testament to the rigorous standards, expertise, and dedication of our team,” a Banyan Risk Ltd. spokesperson stated.
Adding: “This achievement reinforces Banyan Risk’s commitment to providing market-leading expertise and exceptional service in an ever-evolving risk landscape.”
