Lloyd’s Launches Lloyd’s Bridge
Lloyd’s, the specialist insurance and reinsurance market, has launched Lloyd’s Bridge – a new digital distribution platform for connecting insurance businesses with Lloyd’s underwriters.
Now, insurance businesses with a new business idea or an existing book of business who are seeking underwriting capacity and want to write certain policies on behalf of Lloyd’s as a coverholder, can use Lloyd’s Bridge to give underwriters a snapshot of their business and needs. Currently available in the UK, Australia, and New Zealand with plans to enter additional markets in 2019, Lloyd’s Bridge is available for insurance businesses, underwriters and brokers who have been elected by a coverholder to act on their behalf.
“All over the world Lloyd’s has an enviable reputation as the leading insurance marketplace and it remains the most sought after destination for insurance solutions. In an age of digital disruption, however, our partners in both established and fast growth markets are increasingly looking for new ways to access our market. Lloyd’s Bridge offers the ideal platform to do this quickly, easily and efficiently. It will enable coverholders in different parts of the world to benefit from easier access to Lloyd’s expertise, underwriting talent, significant capacity and financial security.” – Chairman of Lloyd’s, Bruce Carnegie-Brown.