Xact Risk Solutions

Xact Expat is a trading name of Xact Risk Solutions Limited.

Background & Development

Authorised by UK Financial Conduct Authority in May 2013
Fully accredited Lloyd’s Broker July 2013
Operational September 2013
Two Offices – City of London (in the near vicinity of Lloyd’s) and Newcastle.
Fully staffed from January 2015
Staff numbers 13
Sponsoring underwriters for Lloyd’s approval: Kiln, Chaucer and Sagicor/Amtrust
Privately owned by management and two clients (minority shareholding).
74 terms of business agreements with Lloyd’s syndicates and other London market insurers.
Over 200 years of insurance experience of the London and international markets including the US, Bermuda and others.
Annual premium volume + £42/45,000,000
Clients in 20 countries on 5 continents
40% of business UK 60% international
Obtained Xchanging trading licences in October 2013
Became a Lloyd’s coverholder in January 2015

Our Business Model

90% of business placed into the Lloyd’s market
Almost 100% wholesale – we do not deal with insured’s direct on any risks other than International Private Medical Insurance.
85/90% of our business is the arrangement of : Binding authorities for brokers and underwriting agencies (75%), Master policies and schemes (20%) and,
Open market/individual placements (5%)

Classes of Business

SME Property , Casualty and Commercial Combined
Specialist Professional Indemnity
On-line facilities
Income Protection/Personal Accident/Loss of Licence
International Private Medical
Kidnap and Ransom/Piracy/Hijack
Life – distressed (medical issues), hazardous occupations, top up covers for group schemes with minimal underwriting
Comprehensive Motor (International in selected countries)
Credit card enhancement schemes – travel, purchase protection
Aquaculture
Terrorism