Aran Insurance Services Group has announced a new partnership with London-based Lloyd's.
Aran’s property and casualty subsidiary MiniCo Insurance Agency, LLC, has been named a Lloyd’s coverholder. This status grants MiniCo the authority to underwrite business in the United States and Canada on behalf of Lloyd’s syndicates.
As a Lloyd’s coverholder, MiniCo will be granted access to the Lloyd’s brand and financial security. The company will develop unique specialty insurance products designed to provide innovative property insurance solutions and support MiniCo’s independent agent network.
Aran Insurance Services Group Co-Founder and Chairman Tim Kenny commented, "We value the opportunity to partner with Lloyd’s and look forward to working together to develop new programs for Aran’s subsidiary MiniCo Insurance Agency."
John LaCava, Aran Insurance Services Group President and CEO, added, "This partnership creates new opportunities for MiniCo to respond quickly to market demand to provide much-needed insurance solutions for commercial properties within the self-storage sector and beyond."