Servca, the independent international specialist Lloyd’s broker, has today announced the expansion of its global footprint into Canada. Servca now provides regional Canadian brokers with direct access to Lloyd’s of London specialist products, schemes and carriers, catering for non-standard and distressed risks across Professional Liability/Errors & Omissions, Directors’ & Officers’, Medical Malpractice and Cyber Liability cover.
Servca’s move into Canada comes as a direct result of surge in demand from Canadian brokers for direct access to London’s specialist underwriting services and specialist Lloyd’s syndicates seeking to ‘Brexit’ proof their growth plans. Servca’s unique, direct to market approach to London for white-labelled facilities and programs, offers Canadian brokers instant access to specialist Lloyd’s capacity and innovative policy wordings, without the need to go through local MGAs or Lloyd’s Cover Holders. The ‘direct’ approach allows regional brokers to retain greater brokerage, client retention and control, whilst reducing overheads and compliance burdens.
Servca will also be providing brokers with access to its new InsurTech platform to take advantage of real-time underwriting and information exchange. Currently in the final stages of development and supported by several leading Lloyd’s syndicates, it will allow products to be underwritten and rated from London, whilst being executed in Canada.
Nomaan Jamal, Managing Director at Servca comments: “We are thrilled to be launching in Canada. The strategic decision has been taken due to demand from Canadian brokers for a specialist approach to liability in financial and professional lines and with direct access to Lloyd’s. We want to provide our Canadian partner brokers, big and small with access to the most innovative insurance market in the world in the most streamlined way possible. For the smaller often neglected regional brokers in Canada in particular, we are giving them a direct route to London’s specialist underwriting services, without having to go through local MGAs or Lloyd’s Coverholders who often charge fees that over erode earnings.”
Brokers in Canada wishing to find out more about the benefits of working with Servca, are invited to come along and meet the team at the Ontario Broker Association conference in October 2017 http://www.ibao.org/events/convention/ or contact Managing Director, Nomaan Jamal on njamal@servca.com
For further information please contact:
SJ Wrigley, Spotlight Consulting: sj@spotlightconsulting.co.uk +44 (0)7909546104
Servca is an independent insurance group and London based Lloyd’s broker. It specialises in non-standard Professional, Financial & Medical Indemnity insurance and risk management, serving international retail clients and wholesale intermediaries. Servca also provides partner intermediaries with white-labeled specialist binding authorities in US, North America and Europe.