Node International is a specialist MGA focusing on Cyber, Tech and E-Gaming Insurance. It has Coverholder status from Lloyd's and provides Cyber and Tech underwriting services to US Retail Agencies. Node International was launched in 2016 using Charles Taylor’s MGA incubator service and has already successfully secured over €2million in Gross Written Premiums and launched a specialist lottery protection product.
The market for cyber insurance is growing exponentially, but there is a gap in expertise in the market. Brokers need access to better quality insurance products and support services, delivered by underwriters who know the market inside out.
Node International’s team is different from a traditional MGA as its team is made up of technology experts who understand the cyber-risks that business and their insurance brokers are facing. Its senior leadership team also has a deep knowledge of and long experience in the insurance market, so it can provide the insurance products and support services that businesses need to protect themselves from the risks of cyber-exposures.
Node is initially focused on building its business among US retail brokers and is utilising Charles Taylor’s network of offices across North America to access the market.
Node International appointed Charles Taylor Broker Services Limited (CTBSL) to deliver an end-to-end operation and administration management service. Charles Taylor’s innovative MGA incubator service enabled Node International to get up and running quickly and provided knowledge and insight to take the MGA through Lloyd’s Coverholder application process.
Charles Taylor’s incubator services include underwriting support, compliance and regulatory support, premiums and claims processing, market relationship management and technical infrastructure. Node international has also appointed Charles Taylor to manage claims through its global cyber loss adjusting and TPA claims capabilities.
The combination of Charles Taylor’s MGA incubator service and Node International’s innovative business model has enabled a successful new MGA to launch quickly and to bring additional business into the Lloyd’s market.