Facet Underwriting

Facet Underwriting Chartered Insurer | MGA | Lloyd's Coverholder We are a leading insurer of fine art, jewellery and specie around the world. Where others back away, we step up.

We have world-class expertise in the objects and businesses we insure, the human geography of the areas we cover, and in the natural catastrophies that threaten them. This expertise allows for flexibility of coverage. We are pragmatic about price, setting realistic premiums that allow for a fast, effective response if the worst does happen.

22/12/2021
01/04/2021

Facet Underwriting (Facet) today announced that it has been granted Full Authorisation from the Financial Conduct Authority (“FCA”).

Facet is a Managing General Agency (MGA), Lloyd’s Coverholder and Chartered Insurer which provides delegated underwriting services to the London Insurance market. It currently specialises in Fine Art, Jewellers Block, General Specie, Cargo and other marine classes.

Duncan Boardman, Chief Operations Officer stated: “We are delighted to have secured FCA Authorisation. Approval by the FCA demonstrates that our policies & procedures are appropriate and robust and allows us to provide value-added services to our client. This is a key milestone in our strategy for future growth. It builds on our Chartered Insurer and Lloyd’s Coverholder status and provides us with a stable platform for expansion into other classes of business.”

Since 2015 Facet had been operating as an appointed Representative of Lloyd’s broker Bannerman Rendell who provided support and services allowing Facet to focus on underwriting.

He continues “We would like to thank Bannerman Rendell for their support over the last few years which has given us the freedom to build a profitable underwriting business and to provide a great customer service for our brokers and insurers”.

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68 Cornhill
London
EC3V3QX

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