Certa has announced an increase in its available Lloyd’s capacity for non-US primary tax risks, now reaching up to £157 million, €200 million, or US$207 million per insured.
According to Certa, this positions it as the provider of the largest primary line size in the market.
The expanded capacity is expected to support Certa’s ability to address larger and more complex tax risks. The company stated that this move will enable it to deliver more substantial solutions across the tax insurance sector.
Tom Cartwright (pictured above, left), co-founder and head of underwriting at Certa, said, “We’re delighted to have secured this additional support, which is a testament to the strength of our underwriting, our team and the trust our partners have placed in us. With this expanded capacity, we are uniquely positioned to offer even more substantial solutions to the market.”
Edward Beckwith (pictured above, right), co-founder and CEO, commented, “At a time when capacity is shrinking in many areas of the market, this is a strong endorsement of our strategy and performance to date.”
He also expressed gratitude to the company’s capacity providers, stating, “We’re deeply grateful to our capacity providers for their continued confidence – it reinforces our position as the leading tax underwriting MGA globally.”
Certa’s announcement comes as capacity in other areas of the insurance market is reported to be contracting, while the company itself has seen recent expansion.
In August, Certa Specialty Limited was launched in collaboration with Markel International and Certa Insurance Partners. The new unit, led by Dan Lott, provides consultancy services for managing agents and Coverholders in the Lloyd’s London market, focusing on binding authority agreements, capacity deployment, and governance.
Certa Insurance Partners also expanded its European presence, opening a new office in Germany last year to grow its tax-insurance operations.
The company’s growth has been further supported by Markel International’s acquisition of a 49% shareholding in Certa Insurance Partners Limited and TLI Certa Europe GmbH in October 2023.
What are your thoughts on this story? Please feel free to share your comments below.
