This week, as it has done now for the past 11 years, Lloyd’s opened its arms to those considered the best and brightest U.S. brokers with the aim of educating them about an often misunderstood market in the industry.
“We are the best known, but least understood brand in insurance,” says Hank Watkins, president of Lloyd’s America.
This year, 31 individual brokers from the some of the top 25 brokerage firms, ranked by revenue, in the United States packed up their bags and headed to London. Watkins says the individuals spent part of their day in class sessions run by Lloyd’s specialists learning about how the market handles five major classes of business: property, energy, marine (ocean shipping), management liability (commonly referred to as directors and officers) and professional liability.
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