We place a large proportion of our business under delegated authorities with a number of insurers. These delegated authorities allow us to independently rate, set terms, agree cover and issue the documentation on behalf of the insurers.
We believe our delegated authorities provide the best combination of price, cover and security and, therefore, we do not normally approach other insurers. Risks falling outside our delegated authorities are placed with our preferred insurers for the same reasons.
If we are unable to place business with our preferred insurers at suitable terms, we will attempt to place the risk in the open market.