Additional information


en			ru			jp

Finance Lounge

Add privatebanking.com as a search provider to your browser

Advanced Search

Private Banking & Wealth Management search tool

Search entity

Advisors & Consultants

Lloyd's Italy

Back

Review Avg.
Reviews:	0

Contact Page

Additional information

Write Review

Browse Review

Additional information

Lloyd's Italy

Overview:

Lloyd’s Italian Office (LIO) history began in 1986, when Lloyd’s was authorized to operate in Italy on a freedom of establishment basis. First based in Rome, the office definitely moved to Milan in 1990.

For the last 25 years the Lloyd’s Italian Office commitment has aimed to provide an efficient and qualified platform capable of providing stakeholders with real support for their business.

The Italian distribution network today consists of 98 Coverholders, two Service Companies and many Open Market Correspondents. In Italy there is also an association of Lloyd’s Correspondents (ILLCA). Being the largest Lloyd’s distribution network in Europe means the LIO has to provide a continuing highlevel of support.

The Lloyd’s Italian Office work is focused on different areas: strategic alliances with Italian intermediaries and Risk Managers protection and promotion of the Lloyd’s brand, management and protection of licenses, events and market development.

Just as important and a practical example of the LIO’s role as a business facilitator, is the Public Tender service. For 15 years, it has guaranteed the national and international insurance market opportunities to operate in public sector tenders - an area of business that is difficult to access without support from the Lloyd’s Italian Office.

Our Market underwriting expertise, in particular in highly specialised risks, puts Lloyd’s in Italy in a prominent position. This solid basis gives us plenty of potential growth opportunities which can be exploited by focusing on innovative and tailor-made products.

In 2011 Lloyd’s Italian premiums amounted to € 443m (direct and reinsurance business). Although registering a slight decrease compared to the previous year (-2%), due mainly to a drop in the Medical Malpractice sector, it is worth highlighting that this had only a partial impact on the overall results since the production grew in other classes of risk.

In addition, data concerning premiums collected in the first half of 2012 shows a positive increase in global volume, confirming that Lloyd’s is a first class choice for the most of intermediaries in Italy.

For more details, please consult our Market Intelligence reports about Lloyd’s in Italy. Lloyd’s Italian office’s future plans are to continue focussing efforts in strengthening Lloyd’s position as opinion leader, the promotion of Lloyd’s market as a leader in specialized risks and maintaining an efficient business model.

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.