Financial institutions

NFP’s Financial Institutions Group hires TigerRisk for Lloyd’s Line Slip – InsuranceNewsNet

NEW YORK (PRWEB) May 24, 2022

NFP, a leading property and casualty insurance broker, employee benefits consultant, wealth manager and retirement advisor, today announced its Financial Institutions Group (FIG) selected TigerRisk Partners LLC to develop a line slip to do business with Lloyd’s of London. FIG specializes in advising and placing financial and general casualty lines for financial institutions in the commercial insurance markets.

“When evaluating who we think would best represent NFP in the market, without a doubt, there was a team — TigerRisk,” said Marc Flippengeneral director, Financial Institutions GroupNFP.

The line slip will allow global insurers, U.S. regional and mutual insurance companies, managing general agencies (MGAs), insurtech companies, and insurance-related title companies (ILS) to deal directly with the Lloyd’s market via 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 Institutions Liability (Crime), Cybersecurity and Privacy Liability, and Insurance Related Titles – Fund Professional Liability ( ILS D&O/E&O).

TigerRiskone of the leading risk, capital and strategy advisors to the global insurance and reinsurance industries, is currently in the market to negotiate the Lloyd’s Guaranteed Bordereau, which will include a consortium of syndicates from Lloyd’s and managing general agents supported by Lloyd’s.

“We are really pleased to be working with NFP on a Lloyd’s Guaranteed Slip that will allow a variety of their customers to transact directly through Lloyd’s,” said TigerRisk CEO Rob Bredahl. “Doing 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 whole TigerRisk the team is second to none. The relationships and brand they have built are world-class, and we are absolutely thrilled to have them as our brokerage partner.”

About TigerRisk

TigerRisk Partners LLC is a leading risk, capital and strategy advisor to the insurance and reinsurance industries, founded in 2008. TigerRisk Capital Markets and Advisory (TCMA), broker-dealer registered with the US Securities and Exchange Commissiona member of FINRA and member of SIPC, is a wholly-owned subsidiary that provides clients with strategic advice on mergers, acquisitions, and capital markets products and transactions. Based at Stamford, Connecticut, TigerRisk has offices at Stamford, NY, Bermuda, London, hong kong, Minneapolis, Chicago and Raleigh. For more information, visit http://www.TigerRisk.com.

About the NFP

NFP is a leading property and casualty insurance broker, benefits consultant, wealth manager and retirement plan advisor that provides solutions enabling client success through the expertise of more than 6,900 global employees, investments in innovative technologies and lasting relationships with insurers, suppliers and financial institutions. NFP is the 9th best place to work for large employers in insurance, the 7th largest private broker, the 5th largest benefits broker by global revenue, and the 13th largest business broker in the United States (all rankings according to Business Insurance).

Visit NFP.com to learn how NFP helps customers achieve their goals.

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