Bascule Underwriting in partnership with Prospect Insurance Brokers has launched a multi-territory international managing general agent (MGA).
Ex-jockey William Hill, the founder and chief executive of Bascule, said; “we believe a flexible MGA structure, driven by market leading technology, is well suited to this niche class of business, enabling us to deliver on our core tenets of exceptional service, operational efficiency and a business moulded and shaped with data at its heart.”
Hill previously served as Senior Underwriter, Vice President of XL Group, where he managed U.S. Equine operations.
Robert Schultz, President of AIX, said; “we are very pleased to partner with Bascule, who have an innovative approach and a great reputation in the equine arena.
“We look forward to a long and successful relationship that builds on both their unique market position and experience and our strong distribution partnerships.”
The MGA is backed by A rated capacity through Chaucer, in addition to U.S. admitted capacity through AIX Group and has offices in both London and New Jersey.
Ed Lines, Chaucer Active Underwriter 1084, said; “we look forward to joining with Bascule on this exciting new equine venture, and working closely with them to deliver smart risk solutions and a first class service to clients.”
Jamie Webb, Managing Director of Prospect Insurance Brokers added; “we are delighted to partner with Will Hill and Bascule Underwriting to further complement our focus on specialty classes utilising best in class technology to improve upon current practices.”