Samphire Risk has received approval from the FCA to start trading in the UK.
The company gives its mission on its LinkedIn page as, “to create world-class products that insure against extortive crime, hostage-taking and kidnap; terrorism in all its guises; travel into, and within, insecure countries and locations.” It is being launched through a partnership between Davies and CHC Risk.
According to a statement, the venture is backed through Lloyd’s and company market paper, with its Lloyd’s binder being led by Aspen.
Charlie Hanbury, CEO of Samphire Risk, said: “The professionalism and expertise of the Davies team was exemplary in enabling us to launch the Samphire Risk underwriting platform with the necessary regulatory permissions and resources.”
He added: “We now look forward to building the business and delivering innovative products supported by leading technology for our brokers and clients. Coverages will include extortive crime, hostage-taking and kidnap, terrorism in all its guises, and travel to and within insecure countries and locations.”
Samphire Risk was last in the headlines in May when CHC was seeking to raise £3m in equity to fund its launch.
