Aspect UW has a proud association with Lloyd’s, becoming a Coverholder in April 2018 .
Lloyd’s, based in London, is the world’s specialist insurance and reinsurance market, bringing together an outstanding concentration of underwriting expertise and talent. It is often the first to insure emerging, unusual and complex risks.
Around 80 syndicates are underwriting insurance at Lloyd’s, covering all classes of business. Together they interact with thousands of brokers daily to create insurance solutions for businesses in over 200 countries and territories around the world. Lloyd’s insures the majority of FTSE 100 and Dow Jones industrial average companies.
Lloyd’s enjoys strong financial security is supported by excellent ratings.
Mike Wallis, Aspect’s MD, was a Broker at Lloyd’s (in London) for 4 years from 2002-05 and has been a Named Underwriter on numerous Lloyd’s Binding Authorities continuously since his return to Australia in 2006. He has negotiated some of the largest Group Personal Accident & Sickness contracts in both the Australian market and the Lloyd’s Accident & Health market, via his long-term and extensive broker & underwriter relationships and his product expertise.
As a Lloyd’s Coverholder and wholesale broker, Aspect has access to Lloyd’s unrivalled concentration of insurance capital and expertise in a market that develops the essential, complex and critical insurance needed to underwrite human progress and keep businesses functioning.
Being a Lloyd’s Coverholder means that Aspect also has access to the, services, analysis, research and product innovation & design of the world’s most trusted insurance name, as well as the reputational and financial security that Aspect, its brokers & clients can all enjoy.
Lloyd’s has been a powerful force in the Australian insurance industry for more than 150 years. In 2016, Australian businesses contributed more than AUS$2bn in annual premiums to the Lloyd’s market. As a Coverholder and wholesale broker, Aspect is perfectly placed to access tailored and well-priced insurance solutions from a diverse, progressive & innovative market – the attributes that set Lloyd’s apart from many of the domestic insurance markets across the globe.