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Article: Brokers, buyers find value in what Lloyd's has to offer; Recent improvements have made market better for business.(NEWS)
- Article from:
- Business Insurance
- Article date:
- August 31, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: REGIS COCCIA
Brokers have always played key roles in Lloyd's of London throughout its 321-year history, and executives from leading brokerage firms view the marketplace today as a better place than ever for their clients.
"In the last nine months, concerns about carriers and the shift toward more of a subscription approach to major risks has played to Lloyd's strengths, said Paul Jack, executive chairman of Lockton Global Risks, a division of Lockton Cos. International Ltd. in London. "Lloyd's is a great home for our clients. At the moment, it's probably the platform of choice for people writing business and for brokers.
Mark Gregory, ...