OLDWICK, N.J.--(BUSINESS WIRE)--This A.M.BestTV episode highlights an interview with Bernd Heinze, executive director, American Association of Managing General Agents (AAMGA), concerning his recent visit to Lloyd’s of London (Lloyd’s). Click on http://www.ambest.com/v.asp?v=aamga216 to view the entire program.
With over 20% of AAMGA’s members coming from the London marketplace, Heinze believes it is very important that his members understand the issues Lloyd’s is looking at.
“I think we had some really good discussions,” said Heinze. “One of the issues we discussed was how to better improve the audit process. All of the capital providers, managing agents and syndicates audit the United States, North America, Australia and New Zealand cover holders. Our goal is to make sure the audit process is seamless, transparent and that the same quality of education and opportunities exist for the auditors as they exist for the cover holders that are being audited.”
Heinze said he was also impressed at how receptive John Nelson, Lloyd’s chairman, and Inga Beale, Lloyd’s chief executive officer, were to the opportunities and challenges that he suggested Lloyd’s was not addressing.
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