Lloyd’s has recreated its underwriting room in Dublin in the first event of its kind seen in Ireland. The unusual event “allowed representatives from the Irish and Lloyd’s markets to discuss their existing insurance arrangements and explore opportunities for the future, strengthening and developing relationships across the sea,” explained a bulletin on the Lloyd’s web site: www.lloyds.com ).
Participants from the Lloyd’s Market, along with Irish and UK industry representatives, hosted 49 Lloyd’s Boxes in the Dublin Convention Centre attended by over 800 people from across the insurance market.
Eamonn Egan, Lloyd’s Representative in Ireland, commented: “The overwhelming interest in this event from both the Irish and London market has created a buzz. This event not only reasserts Lloyd’s position in Ireland but brings our two markets closer together, as we strive to strengthen business relationships.”
Andrew Welfare, Business Development Director, Kiln Group, added: “”It was a fantastic opportunity to meet the market, reinforce existing relationships and make new ones, in a well organized and superbly attended environment.”
In addition, approximately €25,000 [$32,500] was raised as each box holder made a donation to the Insurance Charities UK & Ireland, a charity that supports those in the insurance industry that have fallen on hard times.
Adrienne O’Sullivan, President of the Insurance Charities of Ireland, was very pleased with the substantial sum raised; “We are thrilled to be involved on this special occasion for Lloyd’s and the Insurance Charities UK & Ireland and I think today’s Meet the Market day has been a wonderful showcase for the Irish insurance industry as a whole,” she stated. “Most of all, I am absolutely delighted that the Insurance Charities, which provides so much needed financial assistance to those in our profession who fall on tough times, benefited to the tune of over €25,000. It is simply overwhelming.”
Source: Lloyd’s of London
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