Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S. clients facing global casualty risks while delivering greater contract certainty and claims efficiencies via the Lloyd’s Claims scheme.
Lloyd’s LEAF offers limits of $100 million of capacity to Aon clients backed by the London market.
LEAF is underwritten on a surplus lines basis and has the ability to write business across a range of industry classes and consider various policy forms. The facility includes a bespoke Lloyd’s occurrence policy that Aon developed with a number of Lloyd’s casualty underwriters, which offers significant coverage benefits for Aon clients. The facility is also able to support claims made and occurrence reported policy forms.
The facility is available exclusively through Aon London.