A Note From Our President (MD)
A Note from Our President (MD) - Dr Edwin Rajadurai
A warm welcome from all of us at Servca Group, your local Lloyd’s Broker.
As an owner-managed brokerage - like many of our partner brokers in Canada, we are proud to instil a culture of technological advances and innovation to serve and add value to our valued partners in Canada.
We realize that it is through the trust, loyalty and communication we receive from you, that we are able to provide bespoke insurance solutions in Canada; and for this - I extend my heartfelt thanks.
Since our launch in Canada in 2019, we have seen significant shifts in insurer/MGA appetite, hardening rates compounded by COVID-19 and unwillingness from domestic carriers/MGAs in writing new/renewals business that may be deemed to be too ‘risky’.
Our success in Canada has been underpinned by our determination, enthusiasm and innovation to deliver insurance solutions that are considered ‘non-standard’ or distressed for domestic insurance carriers in Canada, thus allowing effective placement within the Lloyd’s & London insurance market, quickly, effectively and directly.
More Power to You
We offer a direct solution to selected partner brokers like you, to place unusual, non-standard and distressed risks into the London and Lloyd’s insurance market - without the need of going through chains of wholesale brokers and local MGAs, which often leads to significant delays, communication breakdowns and erosion of commission income to you as the holding broker. Our direct to London Market approach alleviates any need for “middlemen” so that you are as close to the insurer as we are – thus giving you more power and control, from policy inception and claim management.
Finally, I want to emphasize that we are here to serve. We’re here to listen. We’re here to deliver as one of Canada’s first Lloyd’s Brokers actively working with select regional brokers. We appreciate your local insurer relationships are just as important, which is why we discuss placement strategies with you in strict confidence in order to establish a pragmatic and effective solution, allowing you to win and retain business, year on year.
Welcome to Servca Canada, your local Lloyd’s Broker.