Lloyd’s has announced the appointment of Erik Börjesson as its first Nordic Area Manager. He will be based in Stockholm and will assist Lloyd’s syndicates and managing agents in building relationships with insurance buyers and intermediaries in the Nordic area, which also includes Denmark, Norway and Sweden.
Börjesson has spent 16 years as an insurance broker, 12 of which were with Willis in Stockholm and Gothenburg. Before joining Lloyd’s, he was Senior Vice President, Head of Risk Management and Specialties at Marsh AB, Sweden. He graduated from Law School at the University of Uppsala and spent a year in Oslo at the Scandinavian Institute for Maritime Law studying maritime law, marine insurance and petroleum law.
Jose Ribeiro, Lloyd’s Director, International Markets pointed out that Börjesson “has extensive experience of insurance solutions in industrial, major accounts and public sector business lines. His extensive network of contacts throughout the Nordic area will, I am sure, help to provide new and exciting opportunities for Lloyd’s in this region.”
Börjesson responded that he is “proud to have been appointed to this exciting new position. I believe Lloyd’s insurance market in the future. There is strong interest in Lloyd’s in the Nordic region. I look forward to working with the Lloyd’s market to build on these opportunities.”
The Lloyd’s bulletin also noted that, “while small by international comparisons, the Nordic markets (Norway, Denmark, Sweden, Finland and Iceland) have demonstrated strong growth in recent years in line with the strong performance of the oil, gas and shipping industries, and the low levels of insurance penetration in the region suggest there is scope for further growth.”
In addition Lloyd’s said it had reported over “$600 million of gross premiums in the Nordic region in 2007 (split almost 50:50 between direct and reinsurance), with over half of this business originating in Norway. The region presents many niche opportunities for profitable diversification of the Lloyd’s market, particularly in energy, aviation and property business.”
Source: Lloyd’s – www.lloyds.com
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