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Article: U.S. risk managers like Lloyd's, but see room to grow relationship; Some would like to see more marketing, better relationships.(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: JEFF CASALE
Lloyd's of London has long derived a significant portion of its business from the United States, where insurance buyers value its capacity and willingness to tackle tough risks, but the market still has opportunities to grow its U.S. book, risk managers say.
Better contact with clients in the United States and a more visible presence in the market would help Lloyd's develop more North American business, they say.
At the beginning of 2009, Lloyd's reported 44% of its business was derived from the U.S. and Canada, compared with 22% from the United Kingdom. Of the business written in the United States, 49% was for surplus lines ...