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Daily Insurance Industry News
Tuesday 19th of June 2018
June 1, 2011

Brit launches Australian Lloyd’s service company

by Gill Montia

Story link: Brit launches Australian Lloyd’s service company

Brit launches Australian Lloyd’s service company

Brit Insurance has opened a Lloyd’s service company in Sydney, Australia, in a move that will allow Brit Insurance Services Australia Limited to transact property treaty reinsurance business locally, with effect from 1st July 2011.

The new unit will act as the gateway for all property treaty reinsurance business emanating from Australia and New Zealand.

Writing on behalf of Brit Syndicate 2987, the underwriting team will be led by Mike Davidson who has headed the group’s representative office in Sydney since it opened, in 2010.

Commenting on developments, Mr Davidson says: “We know from talking to brokers that they really value having access to locally empowered underwriters who understand the market and local conditions.”

He adds: “In addition, we’ll continue to provide representative services for other classes of insurance and reinsurance business which fall outside the scope of our Lloyd’s Service Company Agreement.”

 

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