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Property Binding Authorities

At the heart of our business is our relationship with Coverholders and Brokers. We look for business partners who share our values and are committed to achieving long-term profitability.

Why partner with Advent?

  1. Fairfax - our parent company
  • Provides long-term financial security, ensuring peace of mind and stability to our business partners.
  • Allows us access to worldwide distribution channels, providing solutions to our clients' product needs.

2. Underwriting expertise

  • Experienced market-leading Underwriters, who collaborate with partners for a long-term view of profitability.
  • Sponsorship for new Coverholders, offering support and guidance to those who are new to the Lloyd's market.

3. Superior Service

  • 24-hour commitment to respond to claims; ensuring policyholders are serviced efficiently and Coverholders maintain their reputation with their Producers.
  • Immediate indication of risk appetite, allowing clients the time to find an alternative market.
  • 2-day turnaround for renewal binders, preventing compliance hold ups.
  • 5-day turnaround for new binders to existing Lloyd's Coverholders, offering lines on business in time for your deadline.

4. Market leading data analytics

  • Customised bordereaux management system, giving Coverholders data and trend analysis to improve underwriting results across their portfolios.
  • In-House Catastrophe Modellers, educating our business partners on how to maximise their modelled portfolios.   

5. Access to Hartford Steam Boiler's product suite

  • Commercial and Personal Lines products such as Equipment Breakdown, Identity Recovery, Data Compromise, Cyber Protection and Homeworks; allowing Coverholders to offer broader coverage and the ability to compete with Domestic Carriers.




  • We are looking for portfolios and client relationships that complement our existing book of business.
  • Our focus is Lloyd's Coverholders who require extra capacity on existing facilities our support for new product lines.
  • We also have the capabilities to sponsor new Lloyd's Coverholders who fit or appetite and do not directly compete with our current long-term partners.

Lead and Follow:

  • We have the expertise and resources to Lead business
  • We have the claims resource to follow as Second Lead

Line Size Guide:

  • Average Line $600,000 per risk or 35% of any one risk (whichever is less).
  • Maximum line size $3m
  • Line size judgement based on the portfolio's balance between limit and income.

Long-Term Profit:

  • Our ideal minimum GWP is $100,000 but we will consider less is there if a potential for long-term profitable growth.



United States:

  • Wholesale Coverholders
  • Writing business in their State or neighbouring States
  • Commercial/SME business with a Catastrophe focus
  • Homeowner business with a Catastrophe focus in the North East and West Coast
  • Typical TIV $250,000- $1,000,000
  • Preferred occupancies - Condos, Retail, Offices, Restaurants, Light Commercial


  • Coverholders writing business in their Province or surrounding Provinces
  • Commercial/SME/Homeowners business with a Catastrophe focus
  • Typical TIV C$250,000 - C$1,000,000
  • Preferred Occupancies - Low-Rise Stratas, Retail, Offices, Restaurants, Light Commercial


  • Coverholders writing business on their Island or neighbouring Islands
  • Commercial/SME/Homeowners business with a Catastrophe focus
  • Typical TIV $250,000 - $1,000,000
  • Preferred Occupancies - Dwellings, Retail, Offices

Property Binding Authority Contacts

SarahMendola ACIICPCU

Head of Property

Direct line: 
020 7743 8318