BMS Group, the independent global broker, today announces it is launching a Lloyd’s Market Global Miscellaneous Professional Liability Lineslip, the largest the London Market has seen to date. The lineslip will assist Lloyd’s brokers marketing initiatives in providing a framework to access London-based and subscription market-focused insurer capacity. The security behind the facility is 100% Lloyd’s capacity.
The lineslip targets mid and large-sized professional firms with a predominantly US-based exposure profile and offers brokers fixed pre-determined markets for specific classes of business. It offers limits up to the following:
• USA: Up to US$25mn any one claim including costs and expenses / up to US$50mn in the aggregate including costs and expenses
• UK: Up to £15mn any one claim including costs and expenses / up to £30mn in the aggregate including costs and expenses
• Rest of the World: Up to £15mn any one claim and including costs and expenses (or currency equivalent) / up to £30mn in the aggregate including costs and expenses (or currency equivalent)
The jurisdiction is worldwide and can accept up to 100% exposure in the United States.
Alasdair Ritchie, Managing Director at BMS, commented:
BMS Wholesale is dedicated to providing the best access to the Lloyd’s market for our partners globally. This new lineslip is another tool to make that access easier reiterating our position as broker of choice for our clients.”