US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s

September 17, 2012

A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed understanding of how business is transacted in the world’s specialist insurance market.”

More than 30 brokers will attend the sessions, which were inaugurated following the merger between two initiatives – the US Lloyd’s broker program, which has run successfully for more than a decade, and the Andrew Beazley Broker Academy, which was pioneered last year by Beazley and Hiscox.

The Andrew Beazley Broker Academy at Lloyd’s is named after Beazley’s founder, who “had a lifelong commitment to professional training and development in insurance and to developing strong relationships between Lloyd’s underwriters and US brokers.”

Sean McGovern, Director, North America at Lloyd’s, noted: “North America accounts for more than 40 percent of the Lloyd’s market’s business. Establishing first class relationships with our business partners there, so that we all understand the dynamics of how best to work together, is critically important for the market.”

Beazley’s CEO Andrew Horton added: “George Bernard Shaw famously quipped that ‘those that can, do; those that can’t, teach.’ The Andrew Beazley Broker Academy at Lloyd’s will bring together some of the most talented and experienced underwriters and brokers in the Lloyd’s market to disprove that dictum.”

Lloyd’s said the “rigorous five-day curriculum is designed to give the attendees deep insights into the value that the Lloyd’s market brings to the regions on which they focus. The program covers Lloyd’s major lines of business such as commercial property, marine & energy, management liability and professional liability, in depth.

“On the last day, attendees will also learn about some of the more specialist lines of business underwritten at Lloyd’s including fine art, bloodstock and kidnap & ransom.

Source: Lloyd’s of London

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