In 2016, Syndicate 1084 and Marsh together bound the first risk on PPL, which was for terrorism, and since then we have continued to work diligently to drive take up of PPL in the business and to support the introduction of new classes. Today we bind over 10% of our business through PPL.
Ed Lines, Active Underwriter of Syndicate 1084 comments:
“Chaucer’s underwriters are renowned for providing a first class service to brokers, in whichever way they choose to trade, and by embracing PPL this helps us to deliver a more efficient and better quality service to brokers and clients.”
David Bendle, Chaucer’s Chief Operating Officer added:
“As COO and senior change leader I have seen first-hand the benefits of market modernisation and all the hard work that goes in to achieving these. PPL is an important step in modernising the market and ensuring Lloyd’s position as the premier destination for insurance business worldwide.”