Lloyd's forms Asia-Pacific consortium for excess layer placements on property risks
Posted On: Jul. 24, 2015 12:00 AM CSTLloyd’s has formed the Asia Pacific Excess Consortium, expanding its presence in the region, reported Asia Insurance Review.
The consortium is an excess of loss facility, formed to offer a convenient single insurance platform for excess layer placements on property risks in the region. The consortium provides up to $25 million excess of loss capacity at up to 100% of excess layers. It is led by Atrium Insurance Agency and backed by Argenta, Amlin, Argo and Talbot on the Lloyd’s Asia platform.