TigerRisk teams up with NFP for Lloyd’s line slip

Reinsurance broker  TigerRisk Partners is currently out to market negotiating a Lloyd’s-backed slip, which will comprise a consortium of Lloyd’s syndicates and Lloyd’s-backed managing general agents.

Property and casualty broker NFP’s Financial Institutions Group (FIG) has engaged  TigerRisk to develop a line slip to transact business with Lloyd’s of London.

The partnership will enable global insurers, US regional and mutual insurance companies, managing general agencies (MGAs), insurtech companies and insurance linked securities (ILS) firms to transact business directly with the Lloyd’s market through NFP.

The slip will include directors and officers liability (D&O), errors and omissions (E&O), insurance company professional liability, MGA errors and omissions liability (MGA/E&O), insurtech professional liability (insurtech E&O), employment practices liability (EPL), fiduciary liability (FID), financial institution bond (crime), cyber security and privacy liability, and insurance linked securities — fund professional liability (ILS D&O/E&O).

FIG specialises in the advisory and placement of financial lines and general P&C for financial institutions in the commercial insurance markets.

TigerRisk CEO Rob Bredahl (pictured) said: “We are really excited to be working with NFP on a Lloyd’s-backed slip that will enable a variety of their clients to transact business directly through Lloyd’s. Conducting business with Lloyd’s can be complex, and we are delighted that NFP has chosen the  TigerRisk solution to empower their clients to effectively manage this complexity.”

NFP senior vice president Natasha Kiemnec added: “The talent and caliber of the entire  TigerRisk team is unparalleled. The relationships and brand they’ve built is world class, and we are absolutely thrilled to have them as our broker partner.”

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