Boutique international insurance broker La Playa has been approved as a Registered Lloyd’s Broker, joining the elite club with direct access to the world’s premier insurance market, Lloyd’s of London.
With only 255 Lloyd’s brokers in the world with direct access to Lloyd’s, this will benefit not only La Playa’s clients, but also its broker partners who place transatlantic risks via their London and New York offices.
“As a specialist broker, we work with clients who often have unusual risks which are hard to place in standard markets”, say’s La Playa’s Matthew Clark ACII, Director of Global Markets. “Being a Lloyd’s broker takes us straight to some of the finest minds in underwriting so that we can secure fast, great-value solutions for our clients”.
Access to Lloyds will facilitate La Playa’s placement of larger Fine Art & Specie risks, Private Aviation and Superyachts, the more complex Entertainment risks, and emerging risks with limited precedent coming through its Science & Technology practice group, headquartered in the hub of Cambridge’s Silicon Fen.
“This is great news for us, our clients and our broker partners”, says CEO Mark Boon ACII. “Achieving Lloyd’s status is integral to our expansion plans, allowing a relatively small broker to develop more business in the US and Far East. It will also be enormously useful in enabling us to expand our Private Client, Aviation and Marine offerings.”