More than 40 brokers and managing agents accompanied the delegation, the largest of its kind to visit the gateway city between Europe and Asia.
The prospect of Istanbul developing into a financial hub would present a plethora of appetising opportunities for Lloyd’s, with an immediate need for more coverage of traditional property classes.
Lockton Companies Chief Executive Julian James believes that economic development will naturally lead to an increased demand for other classes.
Enrico Bertagna, Head of Southern and Eastern Europe and Africa at Lloyd’s, said that the visit presented an opportunity for the delegates to get to grips with the dynamics of the Turkish market.
Bertagna added that Turkey had become an emerging market that could not be ignored, with plenty of new infrastructure projects and a booming energy sector.
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Source : insurancedaily.co.uk
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