The Louisiana Department of Insurance (LDI) announced Commissioner Jim Donelon is traveling to London this week to meet with leaders from Lloyd’s of London (Lloyd’s) and the International Underwriting Association of London (IUA).
During the meetings, Commissioner Donelon will provide an update on insurance legislation passed during the 2022 legislative session and discuss his plan to strengthen the property insurance market by incentivizing more insurance companies to do business in Louisiana.
Donelon will also pitch both organizations on Louisiana’s business-friendly regulatory environment and continued viability as a destination for the reinsurance and surplus lines industries.
“Reinsurance and surplus lines insurance are both vital to maintaining a healthy property insurance market in Louisiana and to our state’s economy at large,” said Commissioner Donelon. “Our state has had long and mutually beneficial relationships with Lloyd’s and the IUA for many years, and I look forward to meeting with them to ensure those relationships stay strong.”
Commissioner Donelon also recently attended a Lloyd’s presentation in Kansas City sponsored by the National Association of Insurance Commissioners where he visited with representatives from the reinsurer’s U.S.-based office in anticipation of the London trip.
SOURCE: LDI
Topics Excess Surplus Louisiana Lloyd's London
Was this article valuable?
Here are more articles you may enjoy.
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
