Bascule Underwriting, in partnership with Prospect Insurance Brokers, launched a multi-territory international managing general agent (MGA), which commenced operations earlier this month.
William Hill is the founder and chief executive of Bascule, having previously served as Senior Underwriter, VP of XL Group, where he managed US Equine operations.
The MGA has offices in both London and New Jersey and is backed by A rated capacity through Chaucer in addition to US admitted capacity through AIX Group (both part of The Hanover Insurance Group).
Hill said “we believe a flexible MGA structure driven by market leading technology is well suited to this niche class of business, enabling us to deliver on our core tenets of exceptional service, operational efficiency and a business moulded and shaped with data at its heart”.
Robert Schultz, President of AIX, said:
“We are very pleased to partner with Bascule, who have an innovative approach and a great reputation in the equine arena. We look forward to a long and successful relationship that builds on both their unique market position and experience and our strong distribution partnerships.”
Jamie Webb, Managing Director of Prospect Insurance Brokers stated:
‘We are delighted to partner with Will Hill and Bascule Underwriting to further complement our focus on specialty classes utilising best in class technology to improve upon current practices.
Ed Lines, Chaucer Active Underwriter 1084, said:
“We look forward to joining with Bascule on this exciting new equine venture, and working closely with them to deliver smart risk solutions and a first class service to clients”