European boutique Managing General Agent (MGA), Alta Signa Europe B.V. (“Alta Signa”), is pleased to announce that it has added to its line-up of A-Rated capacity providers – creating further value and stability for its fast-growing number of clients. Alta Signa is now backed by five leading capacity providers from Company Markets and Lloyd’s Europe to write business across the financial lines and cyber insurance markets in Europe.
The specific terms of the agreement with each provider – including individual capacity limits – are undisclosed. Lines of business provided include:
- Directors & Officers – up to EUR 25 million
- Financial Institutions – up to EUR 15 million
- Cyber – up to EUR 15 million
- Commercial Crime – up to EUR 10 million
- Professional Indemnity – up to EUR 15 million
Alta Signa’s exceptional panel of A-Rated capacity relationships will allow it to continue to grow and achieve its premium ambitions, driving profitable, data-driven underwriting decisions across the European financial lines and cyber insurance markets.
Gerard Van Loon, Chief Executive Officer, said: “Alta Signa is now an established MGA dedicated to the Continental European Specialty Insurance market, and I’m delighted to have attracted the backing of five leading capacity providers as we continue our strategy of sustainable and profitable underwriting in Financial Lines and Cyber. Linking Continental European brokers and their clients to this diverse panel of A-rated insurance risk carriers is an attractive proposition for those seeking access to high quality European retail business.
We will of course continue to broaden these capacity relationships over time, and are adopting new technologies to enhance our service levels, both at the underwriting and processing end of our business in line with our “data-first” philosophy and approach which supports our brokers, clients, underwriters and risk carriers. We are committed to demonstrating the value, integrity and compliance we bring at every stage, with high levels of digitalisation and risk-centric data capture embedded into the business.
2022 is set to be an exciting year of growth and change as we continue to expand our network of regional service hubs across Europe, with each acting as a centre of excellence and expertise for Financial Lines business. I’d like to thank our capacity providers for their support so far; my team and I are looking forward to working with them as we successfully execute our strategy for the benefit of our clients, business partners and other key stakeholders.”