|
Prudential plc: Sophisticated Needs
Directors & Officers Liability. Errors & Omissions. Crime Bond. These are just some of the specialty casualty coverages required by Prudential plc, a 154-year-old, London-based provider of retail financial products and services and fund management to millions of customers worldwide.
For help with its sophisticated risk management needs, Prudential and its broker, Marsh, turned to Liberty International Underwriters (LIU). "We work in a triangular – not linear – fashion, with Liberty and our broker on a wide range of technical and commercial insurance issues," said Mark Butterworth, group insurance risk manager for Prudential plc.
"Liberty is one of the more experienced players in the London market," said Butterworth, shown at left above with LIU’s Alan Telford. "They get to know our business, and they help us with emerging issues."
Formed as a global specialty lines business, LIU maintains six offices in the U.S., as well as offices in Toronto, Dublin, London and Sydney. "The market views us as a nimble and entrepreneurial operation," Telford said, "and we work hard to make sure we deliver on that image."
|