Banyan Risk Services Ltd. is a subsidiary of Bermuda-based specialist insurance managing general agent (MGA) Banyan Risk Ltd., licensed as an underwriter by Lloyd’s of London.
Through this partnership, the company gains unparalleled access to the broad capacity of the Lloyd’s market through SiriusPoint’s Syndicate 1945, which will be complemented by domestic insurers in Banyan Canada’s Executive Lines placement.
Becoming a Lloyd’s underwriter enables the company to provide enhanced capabilities and customized risk solutions to its clients and broker partners around the world.
A spokesman for Banyan Risk Ltd. said: “Achieving Lloyd’s underwriter status is an important milestone and a testament to the rigorous standards, expertise and dedication of our team.”
Adding: “This achievement reinforces Banyan Risk’s commitment to delivering market-leading expertise and service excellence in the evolving risk environment.”
