Americans at Lloyd’s

A group of 30 brokers from across the United States and Canada visited Lloyd’s recently as part of an annually organized broker program.

The brokers went to London for five days to learn about the Corporation of Lloyd’s, spend time in the underwriting room, and build relationships with a variety of Lloyd’s brokers and underwriters.

Hank Watkins, president of Lloyd’s America Inc., said a surge in applications for the June 2011 program is “a reflection on the healthy, growing relationship between the Lloyd’s market and our partners in the North American brokerage community.”

Beazley, Hiscox, Miller Insurance Services and Price Forbes hosted networking events for the group and Lloyd’s CEO Richard Ward met all the attendees.

This year’s brokers came from the retail, wholesale and reinsurance sectors, with from five to over 25 years experience. They were experts in the fields of aviation, casualty, construction, marine and energy, property, professional liability, and sports and entertainment.

Todd Morin, senior vice president at NAPCO LLC, a Lloyd’s coverholder in New Jersey, who has 27 years of experience in the insurance industry, participated in the program this year. “Lloyd’s has always been an important market for our organization. Put simply, we wish to strengthen our participation with Lloyd’s in order to learn new ways to enhance our trading relationship with each other,” Morin said.

Participants are nominated by their firm and must complete an application. Participants are encouraged to have a minimum of five years in the insurance or reinsurance business, demonstrate a commitment to active participation throughout the program and articulate how they believe the experience will enhance their insurance career.