London-based managing general agent (MGA) Phoenix Specialty has enhanced its underwriting capabilities by increasing available capacity, allowing greater flexibility in structuring risks.
Individually, the business can now cover possible maximum losses of up to £50m for annual policies and single project risks within the UK.
Meanwhile, MGA secured capacity support from Lloyds on a prior submission basis. The development enables the London-based company to assess its Installation All Risks (EAR) business globally within Lloyd’s of London-approved territories.
Under the EAR proposal, capacity is available with a total insured value of up to $27 million, targeting a wide range of industries including steel, cement, mineral processing, breweries, bottling plants, dairies, semiconductor and pharmaceutical facilities, and data centers.
These enhancements build on Phoenix Specialty’s global CPE proposition, launching in mid-2025. The product is designed primarily for annual renewable energy business and is available through direct insurance and temporary reinsurance structures. Coverage extends to owned and leased plants across almost all asset classes, whether above or below ground, and accommodates lead and follow line arrangements. A rigorous technical underwriting approach combined with active portfolio monitoring supports this assertion.
“This is a significant milestone for Phoenix and provides us with further opportunities to expand our product offerings and better support our brokerage partners,” said Tim James, CEO of Phoenix Specialty.
“The additional support we have received, on top of our existing capacity arrangements, is testament to our focus on delivering a high-quality, reliable service, built on the deep underwriting expertise of our team.”
“We are off to a great start in 2026 and have a number of exciting projects in development. Our team is energized and excited to continue working closely with our broker partners to grow our mutual accounts.”
