On the 31st of January 2020 ProRisk entered a new Binder Agreement with Swiss Re Corporate Solutions on all new and renewal Financial Lines, Casualty, Property and Accident & Health business.

This partnership opens up a multitude of new opportunities. We’re excited that we have found a partner that shares our vision for the business and our commitment to delivering quality insurance products and services to the market.

Hamish McDonald Nye, Executive Director of ProRisk said: “We are very grateful for the support the syndicates at Lloyd’s have provided ProRisk with over the years. The next chapter for ProRisk is an exciting one. Swiss Re Corporate Solutions is a business with an impeccable track record of delivering highly rated insurance products and industry leading technical expertise to the market and who shares our vision for the future of ProRisk.”

“Swiss Re Corporate Solutions is renowned for its financial strength and stability. It is part of the world’s largest reinsurer and enjoys an AA- Standard and Poor’s Credit Rating. We are proud to have Swiss Re Corporate Solutions supporting ProRisk and our insureds as we move forward, particularly as we work with Swiss Re Corporate Solutions towards fulfilling our digital strategy,” he said.

The new binder agreement covers:

• Directors’ & Officers’ Liability
• Management Liability
• Association Liability
• Professional Indemnity
• Medical Malpractice
• General Liability
• Small Business Pack
• General Property Business

It will replace existing Binder Agreements with Lloyd’s. ProRisk will remain a Lloyd’s Coverholder in respect of other lines of insurance.