Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance Broker of the Year 2002 and U.S. Surplus Lines Broker of the Year 2002 were presented at a ceremony in London at the Lloyd’s Building earlier this month.
Lloyd’s announcement said that the two awards had been established, “In recognition of Lloyd’s growing role in U.S. insurance and reinsurance markets…to honor individuals within the U.S. broking community for their outstanding contributions to the Lloyd’s market.” It added, “The criteria against which nominations were judged included adding value to the distribution chain, dedication to customer relations, and taking time to understand the Lloyd’s market.”
Lord Levene, Lloyd’s chairman, noted, “I congratulate both Constance and Gerald and thank them for their hard work, dedication and energy. We set up these awards to recognize excellence and dedication and are delighted to present them to two such worthy recipients in this first year.”
Lloyd’s also announced that Hong Kong-based broker FP Marine Risks Ltd. has become the latest insurance broker in Asia to be granted direct access to Lloyd’s, and that two London-based brokers, H.W. Wood Ltd. and Monument UK Ltd., have also gained accreditation.
FP Marine Risks was established in January 1994 and provides marine insurance solutions for the Asian shipping and trading communities. ìAccreditation will allow FP Marine brokers to contact Lloydís underwriters directly without using a London-based intermediary,” said the bulletin.
Executive Director, Charles Whiteaway observed that, “Lloyd’s remains the single most important marine insurance market in the world and an unparalleled centre of expertise. FP Marine Risks has had a long and fruitful relationship with the London market and we hope that this latest development will benefit clients and underwriters alike.”
H.W. Wood, part of the Hugh Wood Group, was established in 1981 and specializes in high net worth insurance. Managing Director, John Hayward, stated, “For many years, the global Hugh Wood Organization has been placing a major part of its business into the Lloyd’s market through a number of established Lloyd’s brokers. It is an obvious and rational step that our London City-based company, H.W. Wood Limited, should apply for Lloyd’s accreditation in its own right, and we are delighted that this has now been granted.”
Monument UK is the second Primary Group broker to be accredited. Established in 2001, it specializes in non-marine insurance. Executive Chairman Andrew Moulton indicated, “Monument UK is a new broking organization within the Primary Group. We are delighted that the accreditation coincides with an excellent start to the year.”
Editor’s note: International Editor Charles Boyle contributed to this story.
Topics USA Agencies Excess Surplus London Lloyd's
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