Howden Latin America launches $25mn Lloyd's binding authority

Howden Latin America, a broking subsidiary of Hyperion, has
launched a $25mn cargo binding authority backed by Lloyd's
paper.
Effective from 1 January, the new binding authority is supported
by a number of Lloyd's syndicates and has a limit of $25mn.
"The binder allows us to offer our clients flexible
coverage on a wide variety of cargoes with customised deductibles
and rating," the broker said in a client memo.
"Furthermore, we will be able to offer terms on the less...