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“Coverholder business has become an absolute priority for Lloyd’s,” according to Adam Stafford, senior project manager of market operations for Lloyd’s, who explained a key force behind the push to standardize collection of data for U.S. E&S risks at the centuries-old institution.

“The overriding goal is to make the lives of our MGA partners easier,” he said, explaining that U.S. MGAs underwriting business in the United States on behalf of Lloyd’s, known as U.S. coverholders, will be encouraged–but not required–to use new standards already in the works and set to be completed by the end of the year.

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