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REPORT: CHART GOES TO LONDON
1.3% of the $1.1 trillion of insurance business placed domestically. Glenn explained that CHART can help facilitate expansion within the U.S./London marketplace through the identification of new production opportunities. Our model complements – not competes against – existing distribution structures currently in place.
that Thomas J. Ridge would deliver the keynote speech at the Second Annual CHART Exchange event in Baltimore MD. Mr. Ridge served as the first Secretary of the U.S. Department of Homeland Security. He was also twice elected Governor of Pennsylvania, occupying that position from 1995 to 2001.
Glenn then articulated CHART’s Risk Taker strategy for 2016: to recruit 15 – 20 committed Syndicates for membership in the organization. The targets would be those firms seeking to expand their U.S.-based premium production through the Delegated Underwriting Authority model.
The morning’s activities concluded with a presentation by Jonathan Swann from CFC Underwriting. This group is the largest independent, specialty MGA in the U.K. Mr. Swann articulated his agency’s capabilities and risk appetites.
At the end of Glenn’s presentation, several Agency and Vendor Partner members of the audience were asked to repeat their CHART testimonials for the benefit of the Risk Taker representatives. A select number of Syndicate personnel also stood up to share their experience at the first CHART The meeting resumed after meeting. lunch. A number of Syndicate representatives joined us for the We wrapped up the Tuesday afternoon session. meeting with an invitation to the Syndicates to become members of Glenn Clark initiated the the CHART Exchange. By joining proceedings with a review of how the organization, these Risk Takers the CHART model could benefit would be able to become active London Risk Takers. The discussion participants at the Second Annual started with a simple statistic: Event scheduled to take place on Lloyd’s wrote $15 billion in U.S.- October 3-5, 2016 in Baltimore, based premium last year – only MD. www.chart-exchange.com
TABLE OF CONTENTS
Glenn Clark initiated the proceedings with a review of how the CHART model could benefit London Risk Takers. The discussion started with a simple statistic: Lloyd’s wrote $15 billion in U.S.based premium last year – only 1.3% of the $1.1 trillion of insurance business placed domestically.”
MAY-JUNE 2016
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