PRESS RELEASE: OneAdvent Europe Celebrates Lloyd’s Broker Status
OneAdvent Europe has successfully become a registered Lloyd’s broker as it progresses its ambitious growth strategy.
The Hamburg-based subsidiary of OneAdvent, ASM OneAdvent Europe GmbH (known as ‘OneAdvent Europe’), confirmed that it has attained Lloyd’s broker status, as it continues to cement its European presence.
This latest expansion of OneAdvent’s European division will facilitate the placing of EEA risks into Lloyd’s Insurance Company S.A. (Lloyd’s Europe) and increase the business’ market share. It will also support the growth of its MGAs beyond the UK and address increasing customer demands.
A Lloyd’s Coverholder since 2005 and Lloyd’s broker since 2019, insurance intermediary OneAdvent established its European counterpart in 2020 in response to Brexit.
Tim Quayle, COO of OneAdvent, commented;
“The team have been incredibly busy over lockdown, firstly in the establishment of our German subsidiary and, secondly, in achieving Lloyd’s broker status for this business. As Lloyd’s drives its innovative future of insurance agenda, we are keen to be part of that exciting journey and to grow our relationship with this leading insurance market”.
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Focused on getting innovative insurance businesses to market – and fast – OneAdvent provides a springboard for growth across the industry. Operating as an MGA platform, Lloyds broker and niche product distribution business, OneAdvent brings its sector expertise and technical know-how to bear for established industry players and entrepreneurial start-ups around the world.