NFP Corp. said on Tuesday that its financial institution group has chosen TigerRisk Partners LLC to develop a line item to do business with Lloyd’s of London.
The New York-based NFP said the line label will enable global insurance companies, US regional and mutual insurance companies, managing authorities, insurance companies and insurance-related investment firms to do business directly with the Lloyd’s market through NFP.
The line sheet will contain: the responsibilities of board and salaried employees; errors and omissions; the insurance company’s professional liability; managing general agency E&O responsibility; insurtech professional responsibility; responsibility for recruitment procedures; trust responsibility; financial institution bond; cyber security and privacy responsibility; and insurance-linked securities fund professional liability.
Border information was not immediately available.
The statement said that TigerRisk is now negotiating the note, which will consist of a consortium of Lloyd̵7;s syndicates and Lloyd’s backed general agents.