Miller received the broker of record (BOR) from a US retail broker for an offshore drilling contractor with a number of jack-up rigs. The insured purchases Gulf of Mexico wind cover.
As the covid-19 situation worsened, Miller received urgent instructions from the US retail broker, for an April 1st renewal with just the leader’s terms. These terms had been obtained before Covid-19 escalated. Our Upstream Energy team then negotiated and placed all other lines working from home.
Lloyd’s Marketing began on March 10th, with the placement quoted and bound on Placing Platform Limited (PPL) well in advance of the new policy period. PPL is the London Market's electronic placing platform which enables brokers and insurers to quote, negotiate, bind and endorse business digitally.
For further information, please contact Charlie Clarke or David Pereira.