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An expert team at your service
An expert team at your service
Who we are
A team of skilled underwriters and engineers
focusing on complex and challenging risks
Twelve Specialist Risk is headed up by Paul Dowling and Kiran Sagoo, both experts in complex and specialist property and construction underwriting classes of business with long track records of success in this arena. They lead a team of underwriters and engineers who combine solid analytical capacity, keen attention to detail, technical ability and professionalism with an enthusiasm for creating and maintaining strong broker producer and client relationships.
Paul initially qualified with a Mechanical Engineering degree and has spent the majority of his 25-year insurance career working in construction, onshore energy and complex property class underwriting and underwriting management. He has previously set up a highly successful insurance underwriting operation which he ran for seven years. Paul's underwriting and management experience is predominantly across construction (engineering) and all onshore energy, complex property classes, as well as general property, casualty and marine classes. In Twelve SPECIALIST RISK, Paul's underwriting focus is as the Class Underwriter and in the day to day support of all underwriting staff as required.
Paul Dowling, Director of Underwriting
Kiran has a degree in Financial Mathematics and is a part qualified actuary. His first underwriting role involved working with Paul as an onshore energy underwriter encompassing all the key technical property lines of business including power generation. Kiran's subsequent underwriting experience includes construction and renewable energy.
Kiran Sagoo, Underwriter
Complex construction
Complex construction
What we do
Specialist Underwriting for International Construction/ Engineering Projects
We are machinery breakdown experts and target construction projects with a clear machinery and equipment exposure, for:
- Erection All Risks (EAR)
- Contractors All Risks (CAR)
- Delay In Start Up
- Third Party Liability.
Our highly experienced engineers support our underwriting process and conduct site surveys in support of our clients.
You will always find consistency in our professional approach.
Space
Space
What we do
Assessing both today’s and tomorrow’s technology
Twelve Specialist Risk’s own highly experienced and technically skilled underwriters will be collaborating with a high-profile research and teaching institution to give us a definite advantage to accurately assess both today’s and tomorrow’s technology.
Twelve Specialist Risk will utilise its proven complex risk underwriting methodology with the added benefit of the partnership with the leading research and teaching institution to provide far reaching and contemporary high quality relevant technical input.
The focus for Twelve Specialist Risk is:
- In-Orbit policies
- Single satellite or multi-satellite policies
- Satellite Loss of Revenue Insurance
- Satellite Manufacturers Incentive Insurance
- In-Orbit Third Party Liability Insurance
Nuclear
Nuclear
What we do
Comprehensive technical reviews
Our bespoke underwriting approach follows the established Twelve Specialist Risk Limited thorough machinery breakdown driven appraisal with each risk review undertaken by our own experienced risk engineer. This is embedded as part of the underwriting process alongside the specialist underwriter’s own comprehensive technical review.
Target business is Property Damage and Business Interruption in respect of:
- Participation in the Nuclear Pools.
- Reinsurance of the Nuclear Pools.
- Reinsurance of the Mutuals/ Captives.
- Cold Zone only placement.
- Nuclear Family risks- research reactors, fuel manufacturing, processing, storage, disposal.
- Construction.
Power Generation
Power Generation
What we do
Excess of loss risk attachment strategy for all types of power generation including renewable energy
Established underwriter and engineer market leaders.
Specialist engineering resources combining with underwriting expertise for an accurate assessment of risk and of the appropriate attachment point.
Experience to know where to look and how to perform the analysis and that no single feature determines overall risk quality.
The risk selection process is a machinery breakdown object driven methodology and follows a tried and tested successful formula.
Our approach
Our approach
How we like to work
We base the way we work on a few core beliefs.
Everyone says they deliver excellent service. So what makes us stand out?
For a start, we are a small, fast-moving team based in one office in the centre of the City of London's insurance district.
We don't need to get approval from different layers of management scattered around various offices worldwide. This speeds up the process for our clients and enables us to provide you with quicker decisions and faster quotations.
In our experience, insurance is driven by relationships.
In a world where so much communication is electronic, nothing beats a face-to-face discussion where both sides can articulate their positions and properly explore the issues involved. We've built up strong relationships with many international brokers over the years, and look forward to continuing that tradition.
We enjoy a challenge.
Alongside straightforward deals, we have gained a reputation for tackling unconventional projects. They might require an unusual approach and some original thinking, but they also deliver proportionate rewards and satisfaction both for us and for our clients.
We're here for the long-term.
The lead associates of Twelve Specialist Risk have developed tremendous experience in complex insurance classes of business over a considerable number of years, and this is where we intend to stay. We are fascinated by the challenges of our targeted international industries and look forward to maintaining existing relationships, developing new ones and consolidating our position in the years to come.