La Playa attains Lloyd’s status

Latest achievement boosts the company’s expansion plans and its potential overseas growth

La Playa attains Lloyd’s status

Insurance News

By Louie Bacani

Boutique international insurance broker La Playa is now poised for expansion as it has been approved as a registered Lloyd’s of London broker, gaining direct access to the specialist insurance market.

La Playa said its latest achievement will benefit clients and broker partners who place transatlantic risks via their London and New York offices.

“As a specialist broker, we work with clients who often have unusual risks which are hard to place in standard markets,” said Matthew Clark, director of global markets at La Playa.

“Being a Lloyd’s broker takes us straight to some of the finest minds in underwriting so that we can secure fast, great-value solutions for our clients.”

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According to La Playa, access to Lloyd’s capacity will facilitate the placement of larger fine art and specie risks, private aviation and superyachts, more complex entertainment risks, and emerging risks with limited precedent coming through the science and technology practice group.

“This is great news for us, our clients and our broker partners,” said La Playa CEO Mark Boon. “Achieving Lloyd’s status is integral to our expansion plans, allowing a relatively small broker to develop more business in the US and Far East.

Boon added that attaining Lloyd’s status is also “enormously useful” in the expansion of La Playa’s private client, aviation and marine offerings.


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