HEMIC unit gets OK to underwrite insurance for Lloyd's of London
Advertiser Staff
HEMIC Insurance Managers Inc., a subsidiary of Hawaii Employers' Mutual Insurance Co., has received approval from Lloyd's of London to underwrite and bind certain insurance coverages as a certified Lloyd's agent.
HIMI is only the third such "coverholder," or agent, in Hawaii authorized to grant insurance coverage on Lloyd's behalf, said David Doehm, president of HIMI.
"We're pleased to have a direct relationship with Lloyd's and to receive our coverholder status," Doehm said. "This will allow us to continue expanding our flexible portfolio of insurance programs and demonstrates our ongoing commitment to Hawaii's employers and insurance agents. Our plan is to continue expanding HIMI's services by offering our agents access to more underwriting facilities on which we have binding authority."
Doehm said HIMI will now underwrite its Employment Practices Liability Insurance program through certain underwriters at Lloyd's. The program offers coverage to Hawaii's employers and can be secured through HIMI's agency sales force. HIMI's other programs include property and liability coverage for contractors, personal accident insurance, public transportation and trucking insurance, a broad range of Excess and Surplus Liability on a contract binding and brokerage basis and all lines coverage for Human Services Organizations, including Directors and Officers insurance.