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WHAT IS AN UNDERWRITING AGENCY?
An underwriting Agency it’s an entity to which an insurance company delegates certain powers. This larger insurance company delegates part of its insurance capacity to the Underwriting Agency in order to issue insurance contracts, supplements, amendments, endorsements as well as managing the risks and the possible claims that may arise. All falling within the terms and conditions previously established by both parties.

ADMINISTRATIVE AUTHORITY
An Underwriting Agency falls within the law 26/2006 from the 17th of July established by Insurance Mediation and Private Reinsurance.( la Ley 26/2006 de 17 de Julio de Mediación de Seguros y Reaseguros Privados en su Disposición adicional tercera). The Underwriting Agencies that wishes to underwrite insurance risks within Spain must communicate these to the DGS. (The regulatory body) before commencement of their activity. The insurance company who grants the authority to the Underwriting Agency allows binding insurance and amendments thereto for the Underwriters´ Account, however only for those class(es) and for the coverage(s) stated in the schedule of agreement. The Underwriting Agency must communicate when such agreement ends.

CONFIANC URDERWRITING AGENCY, S.A (C.U.A, S.A.)
C.U.A. S.A., as complying with the legal requirements impeded. The Underwriting Agency signs risks in the name and for account of certain Unions of certain Syndicates at Lloyd's. The stock holders involved in Confianc Underwriting Agency have an extensive knowledge and experience in the insurance industry. Beginning its activity in the Spanish market on July 2008, with a wide range of products orientated to General and Professional liability risks, Professional liability for Directors and Officers (D&O) and Commercial and Industrial risks.