To provide underwriting platform for the primarily land-based oil and gas operators throughout North America
Global Special Risks (GSR), a US excess and surplus lines broker serving the Energy industry and a unit of Faber & Dumas, the third-party wholesale insurance broker, has formed a strategic alliance with Lloyd’s insurer Chaucer Syndicate 1084. The two firms have joined forces to provide underwriting platform for the primarily land-based oil and gas operators throughout North America – reported Willis.
The product distribution network and front-end services offered by GSR, which has offices in New Orleans, Dallas and Houston, would combine with the proven underwriting expertise of Chaucer Syndicate 1084. This new initiative would improve the services of both the firms to clients by streamlining quoting and policy issuance processes.
Rick Burns, president of GSR, said: “As our industry continues to evolve, this strategic alliance gives GSR the ability to offer the top notch products and services that our clients demand. Helen has a deep knowledge of our business and our clients and is ideally positioned to ensure seamless delivery of services.”
Chris White, head of energy, Chaucer Syndicate 1084, said: “Our alliance with Global Special Risks significantly increases our US presence. It will enable us to service our existing clients directly from the US and to generate new business opportunities.”