Trump Trade Threats May Spawn Risk-Transfer Deals, Lloyd's Says
- Beale says insurers may sell more political-risk coverage
- Lloyd’s weighs Frankfort, Dublin for Continental office
This article is for subscribers only.
Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial clients against disruptions in global commerce.
"I wouldn’t be surprised if we start seeing much more political-risk insurance being bought all over the place," Beale said in an interview Tuesday in Miami. "Because we’re such a specialist insurance, and we provide that type of insurance, you could say that could be seen as an opportunity."