Advantage Property & Casualty Company is due to launch a new reinsurance underwriting business to participate in the Lloyd's insurance market.
As a corporate member of Lloyd's, Advantage will participate in syndicates insuring property, casualty, marine, motor, aviation and energy risks worldwide.
Simon Kilpatrick, head of Advantage's business insurance division, said: "We are excited to begin trading as a corporate member of Lloyd's and look forward to the unparalleled market access that Lloyd's offers.”
“By underwriting at Lloyd's, Advantage and its affiliated captive insurance entities can participate in highly diversified portfolios of insured risks to complement their existing, more concentrated exposures."
Underwriting activity in the Lloyd's market will be conducted by Advantage DCP, a newly-formed subsidiary of Advantage Property & Casualty Company.
Hampden Agencies Limited will provide Lloyd's advisory services to Advantage DCP, with corporate administration services provided by Nomina.
Hampden Agencies and Nomina are members of The Hampden Group, a provider of specialty insurance services to corporate participants in the Lloyd's insurance market.
