Templar switches capacity backing solely to Lloyd’s paper

Templar Specialty has since February 1 been supported solely by capacity from Lloyd’s of London, with the financial and professional liability-focused MGU declaring the change of paper means it is now positioned to reach additional distribution channels that require highly rated backing.

The move, Mission subsidiary Templar said, applies to all new and renewal business and reinforces its commitment “to long-term stability, broker confidence and disciplined growth.”

“Financial and professional liability buyers care deeply about long-term security,” said Matt Tusinski, head of Templar.

“Moving to A-plus-rated Lloyd’s capacity gives insureds and brokers greater peace of mind while opening doors to new opportunities in the marketplace. It’s an important next step in our evolution,” he added.

Altamont Capital-backed MGA platform Mission launched in 2021, and Templar was one of the first program administrators to go live after the MGU began accepting business in 2022.

Templar’s Executive and Professional Shield product offers various protections including D&O entity liability, employment practices liability, crime, fiduciary liability, excess and side A and miscellaneous professional liability, while its appetite spans private, nonprofit and public company risks.

The MGU said its newly secured Lloyd’s capacity backing “builds on that foundation and supports the platform’s next phase of development.”

Following the capacity switch, Templar’s underwriting appetite remains unchanged, as do the limits it can offer.

News of the capacity switch comes after Templar in January announced that it had expanded its executive and professional liability insurance portfolio to include excess and A-side D&O coverage for public companies.