Axon Underwriting Approved as Lloyd’s Coverholder with Exclusive Stock Throughput Program
Axon Underwriting Services, LLC (www.axon.com) a leading Environmental and Specialty Lines Program Administrator is pleased to announce its approval as a Lloyds coverholder. In this capacity, Axon Underwriting holds the authority to underwrite and issue policies on behalf of certain Lloyd's underwriting syndicates.
Axon Underwritings coverholder status allows access to the Lloyd's brand and financial security. Axon Underwriting will use this status to develop innovative insurance products and market responsive solutions, initially focusing on stock throughput.
“We are extremely honored with Lloyd’s confidence in Axon. coverholder status expands our current stock throughput offering, STAPLE (Stock Throughput And Pollution Liability Exposures) and adds to our existing Hedge Fund Liability product with Lloyds,” said Randy Hampton, Executive Vice President and Partner. “This is a great milestone in the evolution of Axon Underwriting.”
“Axon’s decision to offer stock throughput insurance is strategic and timely.” says Doug Gahagan, Executive Vice President and Partner at Axon Underwriting, “It significantly helps our partners navigate the current uncertainty and instability in the property insurance market.”
Lloyd’s is the world’s specialist insurance and reinsurance market. With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers who cover more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress. Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insurance world – building resilience for businesses and local communities and strengthening economic growth around the world.
Learn more about Lloyd’s at: www.lloyds.com
About Axon Underwriting Services LLC
Axon Underwriting Services LLC is a Program Administrator and Service Provider formed in 2013 by brokerage and underwriting experts to raise the bar in business insurance performance. Their professionals’ extensive understanding of industry-specific exposures, markets and programs enables them to provide comprehensive insurance based products and solutions for their select partners. Please visit www.axonu.com or call them at 908.947.0867 to learn more.