SOCAR Broker becomes an accredited broker at Lloyd's

SOCAR Broker becomes an accredited broker at Lloyd’s | Insurance Business Australia

Reinsurance

SOCAR Broker becomes an accredited broker at Lloyd’s

It is the fourth institution in Turkey to receive a Lloyd’s license

Reinsurance

By
Abigail Adriatico

SOCAR Sigorta ve Reasürans Brokerliği (SOCAR Broker), a subsidiary of SOCAR Türkiye, has been authorized to operate as an accredited broker at the insurance and reinsurance marketplace Lloyd’s.

SOCAR Broker is the fourth insurance institution in Turkey – which includes 195 brokers – to secure a Lloyd’s license. Through being a broker at Lloyd’s, it will have access to a network of insurers and reinsurers, boosting its capacity to comprehensively serve clients.

In a press release, the broker said that it has extended its insurance and reinsurance brokerage solutions and will be putting focus on serving subsidiaries and stakeholders from SOCAR Türkiye. It will collaborate with domestic and global insurance firms as it looks to provide options to corporations and individuals.

SOCAR Türkiye is the country’s largest integral industrial conglomerate.

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