Hemispheric secures Lloyd’s Coverholder status

Hemispheric Reinsurance Group has secured the status of a Lloyd’s Coverholder underwriting general liability business under a binding authority led by Tokio Marine Kiln Syndicate 510.

The authority allows Hemispheric to write overall limits of $25 million per risk, and allows it to consider any general liability classes of business with limited exceptions.

John Blake and Giancarlo Cerboncini are the acting underwriters for this binding authority.

“We will be in a position to work with you on a 24 hour turnaround basis given full underwriting information. We are ready to underwrite your business on a competitive basis, and look forward to your contact with us at your convenience. Our goal will be to provide you with the best service available in today’s market, and to provide you with the fastest and most timely turnaround,” the company said.