25 September 2014Actuarial & underwriting

Lloyd’s chosen as StrucSure’s reinsurer

Lloyd’s of London has been chosen as the new reinsurance provider for Golden Insurance Company, RRG, a subsidiary of StrucSure Risk Management Group.

This follows the announcement that Wilmington Trust has been chosen as the new captive manager for Golden Insurance and Four Points Re, another subsidiary of StrucSure.

“Reinsurance, and the protection that comes with it, is critical to our builder clients and by working with one of the oldest, largest, and strongest A-rated carriers in the world, builders can have confidence and trust in our warranty products and their backing,” said Jerry Thompson, chief executive officer of StrucSure Risk Management Group.

“Having Lloyd’s of London behind every warranty we issue offers increased financial security and protection for our clients, and we are excited about the new opportunities it presents as we continue to gain market share with homebuilder and construction clients across the US.”

Christopher Macaulay, president of StrucSure Risk Management Group, added: “We are excited about the opportunities reinsurance under Lloyd’s of London presents, as insurance backing is such a critical component in the construction industry, and by working with one of the highest rated carriers we have significantly increased the strength of our product offerings and our overall ability to provide more security in common business risks.”