DA Strategy launches BluNiche as Lloyd’s Coverholder in Europe

MGA Accelerator DA Strategy announces today that their client, specialist Product Recall coverholder for the automotive and food industries, BluNiche, has now been approved by Lloyd’s as a Coverholder. DA Strategy is providing licensing, launch advice and European approval to allow BluNiche to become an Authorised Representative of DA Strategy in the UK, as well as trading under a global licence as part of DA Strategy Global GmbH through its dedicated European platform. BluNiche offers specialist Product Recall insurance across a broad range of industry sectors, including food and beverage manufacturers, auto component manufacturers, restaurants, packaging, retailers, finished goods and consumer durables. BluNiche products provide clients with balance sheet protection and crisis management in the event of a product recall. BluNiche is backed by parent company NuVenture which, in turn, is funded by capital provider Xceedance and the facility is led by Chaucer Syndicate 1084

Charles Rowley, Chief Executive Officer of DA Strategy said, “As a leading consultant to the London insurance market specialising in delegated authority business, we are delighted to support BluNiche under our tried and trusted MGA Accelerator programme, whereby DA Strategy provides MGAs with access to EU, UK and ROW business quickly, seamlessly and efficiently, together with the specialised support they require.”

Neil Evans, Managing Director at BluNiche Risk Services Limited said, “As a specialist Product Recall coverholder, we only offer this class of insurance. We’re fully focused on developing innovative and flexible protection for brokers and their clients which we now look to bring to the European arena.”