The British Are Coming

Lloyd's increase presence could mean dollars and jobs for Miami

By STEVE LITZ
Updated 11:07 AM EST, Tue, Nov 10, 2009

TWITTER FACEBOOK

Getty Images

From Tina Turner's legs to Miami-manufactured cigarette boats, world famous Lloyd's of London has been the insurer. Now Lloyd’s wants to have the rest of Miami’s backs.

Lloyd's representatives are touring Miami, looking to establish a bigger presence in the Magic City, including a stake in your home.

"We are the young professionals coming through the ranks of Lloyd's and we're looking to build relationships here to get first-hand experience of Miami and the marine market," said Lloyd's representative Tom Squires.

While the lizard with the British accent gets all the pub for insurance on TV, it's the real blokes from England that have a pretty good foothold on insuring what's most important in Miami.

Lloyd's Of London May Insure Miami

Lloyd's Of London May Insure Miami
WATCH

Lloyd's Of London May Insure Miami

Lloyd's of London already insures the Port of Miami and without insurance the giant economic engine would not operate. Lloyd's also insures American Airlines Arena, cruise ships and possibly the new Marlins baseball stadium.

The group took time Thursday to tour its facility in Opa Locka and saw how speedy Cigarette boats are made.

But it's not just the big ticket items insured by Lloyd’s. It also insures the companies that may provide your homeowners insurance.
So if there's a catastrophe, and a primary insurer can't handle all the claims, Lloyd's has their back.

"These large catastrophe losses, we'll write re-insurance" said representative Callum Clark.

Miami commissioner Marc Sarnoff has been wooing Lloyd's for several years now hoping that the company’s high profile could lead to jobs and possibly a building in the Magic City.

"You're looking at the future leaders of Lloyd's,” Sarnoff said. “In five years, they'll be in charge and this idea will be receptive to them."

First Published: Nov 5, 2009 5:02 PM EST

TWITTER FACEBOOK

  • 29% laughing 2
  • 29% bored 2
  • 14% thrilled 1
  • 14% intrigued 1
  • 14% furious 1
  • 0% sad 0
processing
          No comments have been posted yet.

          You have 2000 characters left

          processing
          So My City

          You are posting in (change)

          550/550 characters

          (jpg, pngs, or gifs allowed)

          (jpg, pngs, or gifs allowed)
          *Tip: You can also post moments via email or Twitter.

          processing

          View Your Moment in

          Posted by | 1 second ago

          Don't Miss

          local_beat

          Nov 20, 2009

          Cop Iced Over Free Ice Cream Demand

          Somehow two scoops of strawberry cheesecake doesn't sound like it's worth your badge

          Read It

          politics

          Nov 20, 2009

          Obama in Asia: Style Over Substance

          President Barack Obama returns from his maiden Asian swing with none of the concrete accomplishments that White Houses typically put in place before big trips.

          Read It

          events

          39 minutes ago

          Heat Dancers Rock Catwalk, New Magazine

          The Miami Heat Dancers unveiled the perfect stocking stuffer on the steps of American Airlines Arena.

          Loading...
          Birthdate:
          You must be at least 13 to sign up.
          Gender:
          invalid

          By clicking the button below, I accept the terms of use and privacy policy

          Already Signed Up? Login Below.

          processing
          Here's what we're posting:

          *Only used for verification. We do not store your password.
          processing