Engineered Insurance Solutions gains Lloyd's approval

Engineered Insurance Solutions (EIS), a South African-based underwriting agency specializing in Corporate Liability business, has been approved as Lloyd’s coverholder.

EIS chief executive Lance Brogden said: “It is an honor to join forces with a man of Simon Leppard’s professionalism, work ethic and excellent track record, both in South Africa and in London”.

The underwriting agreement provides EIS with up ZAR500m in underwriting capacity for any one risk, making it one of the largest corporate liability underwriting agencies in South Africa, in terms of risk appetite.

BP Marsh & Partners Plc supported the parent company with investment capital in the establishment of EIS. Its chief investment officer Dan Topping said: “We are very pleased that Lance Brogden and EIS were able to partner with Simon Leppard in the establishment of this MGA. This is another important step in the furtherance of developing our South African portfolio companies.”