Capsicum Delegated Authority is an independent specialist binding authority broker formerly know as the Binders and Facilities Division within Gallagher.
We provide a wide range of services to coverholders, MGAs and brokers all over the world. We have built a portfolio of over 280 delegated authority facilities in more than 30 countries by connecting our clients with underwriters in Lloyd’s and the London market. This business equates to $1.5bn in GWP (approx. - as of November 2015) under management.
Delegated (binding) authority contracts offer a cost-effective way to obtain efficient distribution for specialist insurances products and services. These contracts connect underwriters with insurance brokers, MGAs and intermediaries who can then more easily reach and service their target markets.
We help to design, deliver, and manage binding authority contracts for virtually every class of insurance, delegating responsibility for underwriting and/or claims handling from the insurer to the coverholder.
For the benefit of our clients, markets and their policyholders we also actively manage the performance of our clients individual portfolios. It is this attention to detail which enables us to measure the delivery of value to all stakeholders.
Capsicum Delegated Authority is a trading name of Arthur J. Gallagher (UK) Limited which is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company no. 1193013
We will work with brokers, MGAs, insurers, reinsurers, Lloyd’s syndicates and a range of other parties to work towards the successful completion of a range of placement, portfolio management and funding agreements, including:
- Binding Authority
- Quota Share
- Insurance Company Start Up