MGU James Allen admits ‘error’ on Lloyd’s backing of property binder
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MGU James Allen admits ‘error’ on Lloyd’s backing of property binder

Kyoung-son Song
January 23, 2023
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Westfield, Indiana-based MGU James Allen Insurance has come under the spotlight after it was revealed that the company was underwriting commercial property business without rated paper from Lloyd’s, which it claimed to have secured.

Sources told this publication that the company initially claimed to have secured support from “certain underwriters at Lloyd’s” for its commercial property program, without giving further details.

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Kyoung-son Song
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