Collaborating parties
Specialised collaborations are an integral part of how BinderGroup structures and delivers its insurance solutions.
Learn more about the parties involved in our insurance solutions here.
Specialised collaborations within a structured framework
BinderGroup works with specialised parties across the core areas of the insurance value chain.
Our agency model is built on a clear structure, where underwriting, insurance capacity and claims handling are carried out by specialised parties, each with their own area of expertise.
This places clear requirements on the parties we work with.
We work with selected parties that meet our standards for quality and technical expertise. These collaborations are an integral part of how we structure solutions and help ensure consistency in both underwriting and the overall setup.
For brokers, this means access to solutions built on a well-structured framework and a setup they can confidently stand behind.
Lloyd’s of London
BinderGroup is a coverholder at Lloyd’s of London.
This means that, within an agreed framework, we are authorised to underwrite selected insurance solutions on behalf of one or more Lloyd’s syndicates under a binding authority.
As a coverholder, we carry out underwriting close to the market, while our solutions are supported by international insurance capacity. This enables us to structure coverage for risks that require a more specialised approach than standard products.
Working as a coverholder entails clear requirements for governance, documentation and ongoing oversight. This is an integral part of how we operate and supports a consistent and well-structured approach to underwriting.
For brokers, this means access to solutions developed within an international market and tailored to complex risks. These are solutions they can confidently stand behind with their clients.
AXIS Capital
AXIS Capital is an international specialty insurer focused on complex and specialised risks. The company operates globally and provides capacity across a range of commercial insurance lines.
Within our structure, AXIS Capital acts as a capacity provider across selected risk areas where we operate as an insurance agency. This means that insurance capacity is provided by AXIS, while underwriting and administration are carried out within the scope of our authority.
The collaboration contributes to strong, internationally backed capacity underpinning the solutions we provide through our broker relationships.
Beazley
BinderGroup collaborates with Beazley as an insurance market across selected areas, including cyber insurance and Tech PI.
Through this collaboration, we gain access to specialised underwriting and international insurance capacity, enabling us to structure solutions for complex and technology-driven risks.
Within cyber, this supports an approach where both coverage and incident response are built into the solution from the outset. It places clear requirements on how the insurance is structured and how risks are assessed.
Riskkey
RiskKey provides insight into companies’ digital vulnerabilities as part of cyber insurance through ongoing scanning.
Through this collaboration, vulnerability scanning may be available, providing insight into a company’s digital exposure and identifying specific risks.
The scans are supplemented with concrete remediation recommendations and can support ongoing efforts to strengthen IT security.
An initial scan is provided at no cost, with the option to purchase ongoing scans including notifications when risks are identified across different risk levels.
Sedgwick
BinderGroup collaborates with Sedgwick on claims handling across multiple insurance lines, including Workers’ Compensation, PI, E-Theft Insurance, Crime Insurance and Directors and Officers Liability.
When a claim arises, Sedgwick handles the subsequent process and ensures a structured approach to claims management.
The collaboration ensures that claims handling is carried out by a specialised party with experience in complex claims scenarios and the specific requirements associated with each line of business.
Healper
BinderGroup collaborates with Healper within workers’ compensation.
In connection with serious workplace incidents, there may be a need for rapid psychological support. In such cases, Healper provides access to professional crisis assistance that can be initiated at short notice.
The collaboration forms part of the handling of workers’ compensation claims where a prompt response is required.
Find out more about acute crisis support under workers’ compensation insurance.
Casper
The collaboration with Casper Specialty forms part of an international market for specialised insurance solutions and underwriting expertise within complex commercial risks.
Casper Specialty operates within specialty lines and international insurance solutions across multiple markets, contributing extensive experience in underwriting and complex risk areas.
The collaboration provides access to international experience, specialised underwriting expertise and relevant solutions across selected insurance areas.
IGI
BinderGroup collaborates with International General Insurance (IGI), an international specialty insurance and reinsurance group focused on specialty lines and global commercial risks.
International General Insurance (IGI) operates across international markets with underwriting expertise within areas including Financial Lines.
A structured approach to collaborations
Contact us with any questions or for further information about our insurance solutions and the parties involved.
