A la carte healthcare (ALC Health), an international medical insurance provider, has been confirmed as a Lloyd's Coverholder in Hong Kong.
The company has been granted binding authority with underwriters at Lloyd's in Hong Kong, and is registered locally with the Insurance Agents Registration Board (IARB) as ALC Health (Hong Kong). All new and renewal Hong Kong business will transfer to this binder from 1 July 2017.
"Our status as a Lloyd's Coverholder gives clients and brokers even more confiidence in ALC Health and our products," said Founder and CEO Ms Sarah Jewell. "With tightening regulations for the health insurance industry in Hong Kong, this will afford us more opportunities for growth and increased flexibility in serving the market."
ALC Health, a subsidiary of global benefits and assistance services provider International Medical Group® , has also opened an office in Hong Kong.
"Although we have served the Hong Kong market for many years, we are thrilled to finally open an office and establish our local presence," Ms Jewell said.