Environmental and Specialty Lines Program Administrator Axon Underwriting Services has been approved as a Lloyd’s cover-holder.
Axon Underwriting said it will use its Lloyd’s status to develop innovative insurance products and market responsive solutions, initially focusing on stock throughput.
“We are extremely honored with Lloyd’s confidence in Axon. Coverholder status expands our current stock throughput offering, STAPLE (Stock Throughput And Pollution Liability Exposures) and adds to our existing Hedge Fund Liability product with Lloyds,” said Randy Hampton, Executive Vice President and Partner; “this is a great milestone in the evolution of Axon Underwriting.”
Doug Gahagan, Executive Vice President and Partner at Axon Underwriting, said; “Axon’s decision to offer stock throughput insurance is strategic and timely.
“It significantly helps our partners navigate the current uncertainty and instability in the property insurance market.”
