CHICAGO, May 19, 2016 /PRNewswire/ -- Insurance Noodle, the online, membership-based insurance placement platform, today announced its status as a coverholder with Lloyd's of London. As one of only 1,080 coverholders in the United States, Insurance Noodle is now authorized to underwrite and insure accounts on behalf of certain Lloyd's underwriting syndicates.
Insurance Noodle has offered insurance agents immediate access to its stable of top-rated insurance carriers since its inception. The company's position as a Lloyd's coverholder represents a significant step forward in its evolution as an insurance industry leader. The position grants Insurance Noodle access to the Lloyd's brand, its member syndicates, financial security, and A+ ratings. Noodle gains the ability to manufacture exclusive and unique products and to distribute those products through its member agents.
"We're honored by Lloyd's decision to appoint us," said Ralph Blust, President of Insurance Noodle. "And we're excited to pass the benefits along to our member agents. One of the biggest benefits of being a coverholder is the ability to build unique insurance products quickly for our member agents."
Lloyd's is the world's specialist insurance and reinsurance market, bringing together an outstanding concentration of underwriting expertise and talent. It is often the first to insure emerging, unusual, and complex risks.
Insurance Noodle already offers its members greater access to a wide range of business classes. As a coverholder at Lloyd's, Insurance Noodle can now build bespoke products for its members.
"If our agents present a market opportunity our carriers are not inclined to consider, we can turn to Lloyd's and develop a product to address it," said Blust. "This gives us and our members a significant edge in the marketplace."
For more information about Insurance Noodle's products and capabilities, go to www.insurancenoodle.com.
About Insurance Noodle
Insurance Noodle established itself as a pioneer in online quoting in 2001. Since then, it has provided independent agents with online access to insurance products and services through a single-entry, multi-carrier, multi-line, web-based portal. Insurance Noodle was formerly a subsidiary of Willis Group Holdings, PLC. For more information, visit Insurance Noodle's website.
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SOURCE Insurance Noodle