New Lloyd's coverholder for Syndicate 2121

Hollard Risk Partners has entered into a binding authority deal with Argenta Syndicate Management for Syndicate 2121.

HRP has become an approved coverholder for trade credit insurance, contract frustration, consumer cancellation and mortgage indemnity. The new deal will enable HRP to have underwriting authority on UK A rated paper with a line size per risk group of up to £2 million.

HRP will also continue to develop business for the Hollard Group and Red Sands.

HRP's Iain Bird said: “This new facility will give us the platform to substantially grow our existing book of business. I see HRP as a niche player and therefore in addition to the named products on offer we will also consider varying forms of new product enquiries”.