It is our principle goal to provide a prompt, efficient and unambiguous service to the brokers and their clients while delivering superior underwriting results for our capacity providers through a robust and consistent risk review process.
Underwriting on behalf of various Lloyd’s syndicates as a Managing General Agent (MGA) with full delegated authority for a prescribed line of business, having been approved as a Coverholder at Lloyd’s, is not a new concept. It is estimated that close to one-third of all gross premiums to Lloyd’s are transacted via MGAs. Priority Underwriting was established to offer syndicates that had previously not chosen to invest or specialise in the power generation sector a means of participating in this technical class using this well-proven route. A small number of syndicates have combined, put their trust in and delegated their underwriting authority for operational power risks to Priority. In turn, as a specialist MGA, Priority underwrite with the discipline to deliver best-in-class results.
Ambant Underwriting Services (AUS) – act as a “Launch & Host” incubator platform for start-up MGAs. Their services for Priority include sanctions checks, credit control, compliance and regulatory oversight and, as an independent Lloyd’s broker, providing broking administration.