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News : Aon Launches Lloyd’s Lead Facility for US Casualty Risk
Chicago Jan. 26, 2016 -- Aon plc (NYSE:AON), a global provider of risk management, human resource consulting and outsourcing, has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a solution that increases placement options for Aon’s U.S. clients facing global casualty risks while delivering greater contract certainty and claims efficiencies via the Lloyd’s Claims scheme.
LEAF is underwritten on a surplus lines basis and has the ability to write business across a broad range of industry classes and consider various policy forms. The facility is also able to support claims made and occurrence reported policy forms.
Karen Lawson, leader of Aon Risk Solutions Umbrella/Excess Liability said, "In this dynamic, changing marketplace, we believe our clients would welcome additional Casualty Lead Umbrella options. As Lloyd’s casualty appetite has continued to expand, our response has been to develop Lloyd’s LEAF. The facility delivers considerable advantages to our clients – specifically, a broad, pre-negotiated policy form that brings all markets under one policy, strengthened claims handling through the Lloyd’s market and rapid underwriting decisions."
Posted by Laura Collins, Editorial Management
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Aon plc is a British multinational corporation headquartered in London, England, that provides risk management, insurance and reinsurance brokerage, human resource solutions and outsourcing services. Aon has approximately 500 offices worldwide, serving 120 countries with 65,000 employees.
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Published: Wednesday, January 27, 2016