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CIB and Lloyd's China jointly held 2017 Coverholder Seminar in Beijing
In order to promote the coverholder model and discuss on the prospect and potential of development of such model in China, CIB and Lloyd's China jointly held the 2017 Seminar of Coverholder in Beijing on 16 August 2017. Mr. Chen Songlin, General Manager of Lloyd's China Beijing Branch and Mr. Alan Zhang, Managing Director of CIB, delivered the opening speech to welcome the delegates from Insurance companies and Lloyd's Syndicates and expressed sincere appreciation to them for attending the seminar.
Subsequently Mr. Chen Songlin gave a presentation and shared the concept of coverholder and model comparison of difference countries, supervision and risk management of Lloyd’s to coverholder from theoretical aspect. Then Mr. Li Bo, Underwriting Director of Underwriting Agency Department of CIB, shared the operational experience of developing the coverholder model and introduced the content of Binding Authority of Terrorism Risk.
During the seminar, the participants had constructive communication and proposed many unique opinions and suggestions on how to expand the business of coverholder in China.
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