Magazine

Mar 2019

Read the latest edition of AIR and MEIR as an Interactive e-book

Asia: New Lloyd's consortium for excess layers on commercial property risks

Source: Asia Insurance Review | Sep 2015

The Asia Pacific Excess Consortium – a new Lloyd’s consortium – is an Excess of Loss facility led by Atrium and supported by Talbot, Argo, Amlin and Argenta on the Lloyd’s Asia platform. It has been formed to provide a convenient single insurance solution for excess layer placements on property risks in Asia Pacific. 
   It offers brokers a single point of contact for underwriting, premium payment and claims agreement, alleviating the need to deal with multiple reinsurers. The consortium offers up to US$25 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 Asia Pacific.
   There are currently five consortiums in operation on the Lloyd’s Asia platform in Singapore: XIN Aerospace, XIN Terrorism, Terrorism, General Aviation and Construction.
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.