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Power Market News – Priority Underwriting Limited

Neil Prior and Ben Trayhorn announce the formation of Priority Underwriting Limited.

Priority Underwriting is a Managing General Agent that has been founded to provide a market-leading platform for underwriting operational power business. Authorisation has been granted by the FCA for Priority Underwriting to operate as an Appointed Representative of Ambant Underwriting Services Limited (www.ambant.com). Ambant are providing the legal, compliance, regulatory, financial solvency, accounting and back-up support necessary for Priority Underwriting to get going.  In addition to their role as MGA support, Ambant – in the form of AMB 1182 – has been appointed as Lloyd’s broker for the binder.

Over the coming weeks capacity will be obtained on a delegated authority basis, exclusively from Lloyd’s syndicates, in order for the underwriting to commence as soon as possible. The application to be a Coverholder at Lloyd’s is well advanced and Canopius (4444) have agreed to sponsor the approval process.

In anticipation of final approvals, Priority Underwriting would welcome meetings with power clients visiting London in advance of their renewal dates.  They have positioned themselves right in the heart of the market – on the 4th Floor of the Lloyd’s Building.

Priority Underwriting aim to provide the brokers and their clients with a prompt, efficient and unambiguous service.

About Priority Underwriting

Priority Underwriting Limited was founded in January 2015 by Neil Prior and Ben Trayhorn as a Managing General Agent to specifically underwrite power business on behalf of certain Lloyd’s syndicates. Priority Underwriting Limited is an appointed representative of Ambant Underwriting Services Limited (for general insurance intermediary business), a company which is authorised and regulated by the Financial Conduct Authority under registration number 597301.

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