Lloyd’s consortium formed for excess layers on Asia-Pacific property risk
A new Lloyd’s consortium operating from the Singapore platform will target excess-of-loss placements on commercial property risk in the region.
The Asia Pacific Excess Consortium is led by Atrium and supported by Talbot, Argo, Amlin and Argenta on the Lloyd’s Asia platform.
It will write up to $US25 million ($34.3 million) excess-of-loss capacity, at up to 100% of excess layers.
The consortium will cover commercial light and moderate industrial property risks including processing, manufacturing, warehousing and retail located across the Asia-Pacific region, including Australia and New Zealand.
Head of Lloyd’s Asia Kent Chaplin says the facility provides a simple way to access capacity backed by multiple underwriters and the security of the Lloyd’s market.
Lloyd’s already has five consortiums operating on the Asia platform.