Praeventus is authorized to underwrite and bind risks under its binding authority, while the actual risk is retained by the carriers. Every insurance quote and policy issued by Praeventus is governed by the terms of our Binding Authority Agreement, making them contractually binding on the carriers. Once Praeventus stamps a policy, the carriers are committed to its terms and conditions for the full duration of coverage. We only establish binding agreements with carriers that meet rigorous standards for financial stability, market longevity, and product expertise.

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As a Lloyd’s Coverholder, Praeventus itself does not carry a financial rating. However, all binder security is backed by carriers rated by leading agencies such as A.M. Best and Standard & Poor’s. The most recent ratings are available directly from the respective carrier’s websites.

 

Praeventus represents the following carriers:

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• W. R. Berkley

• MSIG

• Everest

• QBE

• Beazley

• Munich Re Syndicate

• Ki Syndicate 

• Lloyd’s Insurance Company S.A.*

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*Coverholder acting on behalf of Lloyd’s Europe (Lloyd’s Insurance Company S.A.), a subsidiary of Lloyd’s and authorised by the National Bank of Belgium.