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Verde (Commercial Crime)

Operating as an approved Lloyd’s Coverholder, Verde underwrites Commercial Crime Insurance business for UK and International clients.

The portfolio consists of primary and excess risk with a particular focus on sustainable businesses located in territories with an established corporate governance and audit environment such as the UK, Europe and North America.

Backed by 100% Lloyd’s capacity, and with a max line size of £5m, Verde aims to be the go-to market for Commercial Crime risks in London, being the only market whose sole focus is in this line of business. Bringing decades of experience together, the team are capable of providing unique solutions to benefit clients.

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James Pallett

Senior Underwriter

James has been in the Financial Lines market for over 10 years as both broker and underwriter before co-founding Verde, a trading name of White Bear Managers, in 2023. Starting with Commercial Crime, Verde will grow a financial lines portfolio that differentiates its underwriting by having an enhanced focus on sustainability. Sustainability is a particular interest and specialism for James having completed the Business Sustainability Management Course run by the University of Cambridge.

+44(0)203 841 7815
jpallett@whitebearmanagers.com

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James Reynolds

Senior Underwriter

James has been in the Professional and Financial Risks market for over 17 years, starting his career at RSA in 2006. At RSA, he became a Senior Underwriter in the Management Liability team and worked as a Global Development Manager focusing on the growth of Professional and Financial Lines across the UK. He then moved to Navigators as a Senior Underwriter focusing on D&O. Since 2023, James is a co-founder of Verde, a trading name of White Bear Managers. Following the completion of the Business Sustainability Management Course run by the University of Cambridge, James is a key advocate for promoting sustainability within Insurance.

+44(0)203 841 7816
jareynolds@whitebearmanagers.com