Charles Taylor Insurance Services targets growth in delegated underwriting and insurance support services

Charles Taylor Consulting is targeting growth in the insurance services and delegated underwriting sectors and has renamed CTC Axiom as Charles Taylor Insurance Services to better reflect the business’s capabilities and parentage. The move, which follows the integration of the non-life run-off business of LCL into CTC Axiom in October 2009, provides Charles Taylor with a strong range of services to offer its existing and potential clients.

Charles Taylor Underwriting Agencies, which is a Lloyd’s approved coverholder offering bespoke property and liability insurance and facultative reinsurance covers to scheme and affinity business, captives and mutuals, has now joined Charles Taylor Insurance Services at its Lloyds Chambers office to better facilitate the targeting of the third party delegated underwriting sector by providing support services and resources to independent underwriters.

The expanded Charles Taylor team at Lloyds Chambers will focus on the following market sectors:

• Financial accounting and regulatory reporting for Lloyd’s managing agents

• Run off services

• Claims, commutations and finality services for insurance entities

• Underwriting and coverholder services

• Support for third party Delegated Underwriting Authorities

• Broker support services

John Rowe, Chief Executive, Charles Taylor Consulting says:

“We acquired Axiom in May 2009 to give CTC a stronger presence in the market for insurance support services. We expect demand to continue to grow for these services, particularly in Lloyd’s and the London market, and we are already seeing attractive opportunities for the business. We have now completed the integration of Axiom into CTC. By combining its capabilities with those of LCL and by capitalising on the expertise of Charles Taylor Underwriting Agencies we are now well positioned to benefit from the potential in the sector.”

Stephen Card, Chief Executive, Charles Taylor Insurance Services says:

“We have an outstanding team at Charles Taylor Insurance Services, with an extensive knowledge of the workings of global insurance markets in general and the Lloyd’s of London market in particular. We will now draw on the wider resources of the CTC group to provide additional services to independent insurance underwriters. We can see significant opportunities to work with top quality underwriters, who would be able to benefit from our support structure and experienced professional team.”