Castel Specialty secures new Lloyd’s binder capacity

Castel Bloodstock, part of Castel Specialty, has secured a new binder with Lloyd’s capacity provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225.

The new capacity is supporting a bloodstock account focusing on high-value thoroughbred, sports horse and show horse risks, and equine mortality and transit risks. Castel Bloodstock is headed by David Higgins and supported by Tara Woodward, who joined Castel in September 2017 from Novae.

“We have attracted strong, quality capacity that supports our business plan and recognises our commitment to writing a broad spectrum of bloodstock risks largely on a following basis,” Higgins said.

Castel Specialty is the division of club-style managing general agent (MGA) formation platform Castel Underwriting Agencies that supports individual underwriters with smaller books of niche business. It provides the infrastructure, capacity and business support required to enable experienced underwriters to join and begin writing their own books of business. Underwriters are rewarded and incentivised according to the profitability of their individual book of business.

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