PHILADELPHIA, April 17, 2012 /PRNewswire/ -- The recently appointed Chairman of Lloyd's, John Nelson, called on the Partners of Lockton Global to continue to expand and innovate as they deliver risk management solutions to multinational companies. Nelson spoke to the Lockton Global Partners at a dinner on April 14 just ahead of the 2012 convention of the Risk & Insurance Management Society.
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"What you are trying to do here at Lockton – to extend your global footprint and carry out more business with the high growth economies – mirrors very closely what I believe in for Lloyd's."
Lockton Global is a partnership of 30 independent brokers who serve the risk management, insurance, and employee benefit needs of multinational clients around the world.
Nelson said his priority for Lloyd's is to maintain its "best of breed" underwriting standards "while ensuring that the application of these standards does not dilute the innovation in the market – which is so fundamental to Lloyd's reputation. For centuries, brokers have come to Lloyd's when they have a new risk which has never been insured before."
The Lloyd's Chairman said, "The market for specialist general insurance worldwide is going to grow at a very significant pace over the next ten to fifteen years – as the emerging growth countries industrialise and commercialise." He said that his goal is to turn Lloyd's from an international hub for specialist insurance and reinsurance, into "the global hub."
About Lockton Global(SM)
Lockton Global LLP is a Delaware (USA) partnership of 30 of the world's leading privately held insurance brokers and risk advisors. Partners bring deep experience and a shared approach to client service in risk management and employee benefits. All Lockton Global partners agree to maintain high client service standards, so the expectations of clients are met or exceeded. The Lockton Global Partnership is led by Lockton, the world's largest privately held insurance broker.
To find out more, please visit www.locktonglobal.com.
SOURCE Lockton Global LLP