Lloyd’s Welcomes North American Brokers

June 7, 2011

A group of 30 brokers from across the U.S. and Canada are set to visit Lloyd’s this week as part of an annually organized broker program. They will come 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,” a bulletin on the Lloyd’s web site explained.

Hank Watkins, President of Lloyd’s America, noted: “We’re delighted to host such a talented group of brokers this week. The surge in applications for the June 2011 program is in many ways a reflection on the healthy, growing relationship between the Lloyd’s market and our partners in the North American brokerage community.”

Hosts for the visit include Beazley, Hiscox, Miller Insurance Services and Price Forbes, who will be “hosting networking events for the group and Lloyd’s CEO Richard Ward is looking forward to meeting all the attendees at the end of the week and wrapping up the event.”

The brokers come from the retail, wholesale and reinsurance sectors, and “have from 5 to over 25 years experience. They are experts in the fields of aviation, casualty, construction, marine & energy, property, professional liability and sports & entertainment.”

Todd Morin, Senior Vice President at NAPCO LLC, a Lloyd’s coverholder in New Jersey, has 27 years of experience in the insurance industry and is participating in the program this year. He said, “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.”

Participants in the Broker Program are nominated by their firm and complete an application. To qualify for the program, 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.

Source: Lloyd’s of London

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