Cyber-MGA, Node International, appoints Charles Taylor to deliver complete operational and administration service
18 May 2017
Fast growing Cyber-MGA, Node International, has appointed Charles Taylor Insurance Services (CTIS) to deliver an end-to-end operations and administration management service. Node International will benefit from Charles Taylor’s innovative MGA and broker incubator service which enables entrepreneurial underwriters and brokers to get their businesses up and running quickly and profitably.
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. Charles Taylor’s incubator services include underwriting support, compliance and regulatory support, premiums and claims processing, market relationship management and technical infrastructure. Node international is also benefiting from access to Charles Taylor’s Cyber loss adjusting and TPA claims capabilities.
Node international has already secured €5million in Gross Written Premiums (GWP) and is seeing strong demand for its specialist lottery protection product.
Neil Gurnhill, Chief Executive Officer, Node International said:
“The market for cyber insurance is growing exponentially – but right now there 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.
“That’s why we launched Node International. Our team are first and foremost technology experts, so we understand the cyber-risks that business and their insurance brokers are facing. We also have a deep knowledge of and long experience in the insurance market, so we can provide the insurance products and support services that businesses need to protect themselves from the risks of cyber-exposures.
“We appointed Charles Taylor as they have an outstanding track record in delivering support services to insurance clients the world over. Their MGA incubator service enabled us to get Node International up and running quickly and their knowledge and insight was crucial in taking us through Lloyd’s coverholder application process.
“We’re working closely with Charles Taylor as we develop our business and their network of offices in the USA will be of huge benefit as we build our wholesale business supporting US retail brokers.”
Gary Bullock, Director, Charles Taylor Insurance Services said:
“Node International is an excellent example of the talent and innovation that we are seeing in the digital sector and we are really excited to be working with the business. The team at Node understand their business sector, products and distribution strategy in depth and we provide the other services needed to set up and profitably manage the business.
“The insurance industry is changing and we expect to see more new entrants to the sector. Through our incubator service we can help entrepreneurial underwriters and brokers to successfully navigate through the regulatory, technical and operational challenges that a new business faces.”
Click here for more information on Node International