Binders

Products & Services

Binder Underwriting Facility (BUF)

A special department, the Binder Underwriting Facility (BUF) has been established within IIBRe to manage a binding authority facility for certain Lloyd's underwriters. Under the binding authority agreement, IIBRe is authorized to underwrite General Third Party Liability business and Director's and Officer's Liability business. The unit is staffed by a highly experienced and qualified team of underwriters and claims professionals.

Special Features:

  • Competitive premiums and deductibles
  • High limits up to US$20m for Liability and US20m for Directors and Officers Liability
  • Worldwide Jurisdiction
  • Stand Alone Cover
  • Low J$ limits Available

Bloodstock Binder

potcheen-2The CGM Gallagher Group in partnership with the Thoroughbred Owners and Breeders Association of Jamaica (TOBA) offers bloodstock insurance cover, underwritten by A+ rated Lloyd's of London. This policy is specifically designed for the Jamaican thoroughbred owner, providing insurance in the case of death caused by accidents, sickness, injury and disease. Theft cover is also included at no extra premium.

The all risk mortality cover is exclusively written by CGM Gallagher's Binder Underwriting Facility. Cover is provided for:

  • Foals (from 24 hours)
  • Yearlings
  • Broodmares
  • Stallions

Upon veterinary certification, thoroughbred owners and stud farmers can purchase up to US$150,000 of cover per animal.