MiniCo Insurance Agency Granted Coverholder Status with Lloyd’s of London
MiniCo will have underwriting authority in the United States and Canada on behalf of Lloyd’s syndicates.
MiniCo Insurance Agency, a member of the Aran Insurance Services Group, has been named a coverholder for London-based Lloyd's. This status grants MiniCo the authority to underwrite business in the United States and Canada on behalf of Lloyd’s syndicates.
MiniCo's coverholder status gives the company access to the Lloyd's brand and financial security. MiniCo will develop unique insurance products and provide innovative insurance solutions for commercial property risks to include the self-storage sector.
MiniCo President and CEO Mike Schofield commented, "Our partnership with Lloyd's is an exciting next step in MiniCo's evolution. Building on our over 40 years of experience underwriting self-storage risks, MiniCo's standing as a Lloyd's coverholder introduces new opportunities for us to offer various types of insurance products with the goal of supporting the needs of our network of independent insurance agents."
About MiniCo Insurance Agency, LLC
MiniCo Insurance Agency, LLC, was founded in 1974 as a provider of specialty insurance products and publications for the self-storage industry. Today the company is a program administrator offering multiple specialty property and casualty insurance products for a variety of unique industries and exposures. MiniCo Insurance Agency, LLC, the parent company of MiniCo Insurance Agency of Canada, Incorporated, is a member of the Aran Insurance Services Group. For more information, visit www.minico.com.
Lloyd's is the world's only specialist insurance and reinsurance market that offers a unique concentration of expertise and talent, backed by strong financial ratings and international licences. It is often the first to insure new, unusual or complex risks, providing innovative insurance solutions for local, cross border and global risks.
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