Take a Closer Look
Online portal acquires new capacity

24th June 2020

Online portal acquires new capacity to write ‘Per Capita’ and ‘Wages and Turnover Liability’ products

We are certainly living in uncertain times but, despite the challenges posed by the global pandemic and the turmoil faced by the insurance market, MGAM - one of Secure Underwriting’s providers - continues to move forward.

The resilience of their systems means that they are able to withstand these external forces, continue to trade and attract interest from new capacity providers. One such carrier is Convex Insurance UK Ltd (Convex) who see value in MGAM’S unique blend of robust process, human touch and technology lead solutions.

As a result, Secure Underwriting is delighted to announce that MGAM has secured an arrangement with Convex initially to provide capacity for the “Per Capita” and “Wages and Turnover Liability” products via their portal.

Per Capita: Public Liability, Employer’s Liability, Products Liability, Tools and Legal Expenses for over 400 trades.

Wages and Turnover: Public Liability, Employer’s Liability, Products Liability and Legal Expenses.

The quote and bind platform is now live! All existing log-on credentials remain in force, so you will be able to access the “Per Capita” and “Wages and Turnover Liability” products to bind new business and re-broke renewals.

For quotes that do not fit the portal or are uncompetitive, Secure Underwriting may still be able to assist.

Who is Convex Insurance UK Limited?

Stephen Catlin established the Catlin Underwriting Agencies syndicate at Lloyd’s in 1984. From there, it grew into a global insurer that regularly outperformed the market and wrote US$6bn in annual premium when it was acquired in 2015. 

In 2019, Stephen and Paul Brand co-founded Convex with $1.7bn of initial committed capital. The company – at the time of writing - has an A.M. Best rating of A- (Excellent).

Many of the people that made Catlin successful now work at Convex, so there is a continuity in management style and underwriting ethos which perfectly complements MGAM’s own core values.

For further details, to arrange a demo or to obtain access to the MGAM platform via Secure Underwriting, please speak to your Blink IS Business Development Manager or click here.

Full underwriting terms and conditions apply, please ensure that all of the contractual documentation is read and understood prior to use. Access to the MGAM online portal is provided by Secure Underwriting a trading name of Park Insurance Services which is authorised and regulated by the Financial Conduct Authority (FCA) number 307082. Access to this facility is subject to approval by the product provider only. Blink Intermediary Solutions is not part of the approval process and is not the product manufacturer. Some products/facilities are not available in all territories. The intended recipients of this content are UK FCA-regulated insurance brokers. Full details of FCA authorisations can be found at www.fca.org.uk. This information is correct at the time of production, but may be subject to change.

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