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Lynx Transit Underwriting Managers (Pty) Ltd
 
Lynx - Transit Underwriting Managers (Pty) Ltd
 
About:
 

Lynx is a specialist underwriting Management Company operating under the licence of Resolution Insurance Company Limited. It provides niche liability and insurance products tailormade for the goods‐in‐transit sector, and operates from headquarters in Randburg.

Lynx Transit Underwriting Managers (Pty) Ltd, with Resolution Insurance Company Limited as its principal and Swiss Re providing international reinsurance support, has emerged as a new player in this highly specialised market.

The establishment of Lynx Transit Underwriting Managers was driven by Resolution Insurance Chief Operating Officer Wayne Phillips and the new company is under the management of Tamlin Spencer who has nine years of hands‐on experience in goods‐in‐transit insurance.

Besides offering tailormade GIT covers, Lynx offers a number of additional services, including scrutiny and review of all carriage contracts with customers. We are able to ensure that all loopholes which unnecessarily expose transporters are closed. Focus is also being placed on excellence in service, claims and product offerings. Resolution can also offer other products to this market segment such as HCV covers, health and accident covers and more.

South African brokers are supportive of increased competition and the goods‐in‐ transit market needs another player to create a more diverse offering of insurance products and peripheral services, accompanied by some out‐of‐the‐box thinking.

These services move us out of the confines of traditional marine insurance, and until now the goods‐in‐transport insurance market has been very limited in terms of competition. We are confident that our entry into the market will create some momentum, which is a good thing.”

Lynx will not be limited by capacity constraints or by choice in terms of standalone risks in transit and will offer covers for many commodity types and for abnormal loads.

We believe this will create a more competitive insurance environment, which Lynx supports wholeheartedly and will welcome with innovative liability products and insurance cover options for goods‐in‐transit operators.


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