HONOLULU, HI --  HEMIC Insurance Managers, Inc. (HIMI), a subsidiary of Hawaii Employers’ Mutual Insurance Company (HEMIC), has received approval and authority by Lloyd’s of London to underwrite and bind certain insurance coverages as a certified Lloyd’s coverholder.  Lloyd’s is the world’s leading insurance market.

David Doehm, President of HIMI, said by becoming a Lloyd’s coverholder, or agent able to grant insurance cover on Lloyd’s behalf, HIMI has the distinction of being only the third such coverholder in Hawaii. 

“We’re pleased to have a direct relationship with Lloyd’s and to receive our coverholder status,” Doehm said.  “This will allow us to continue expanding our flexible portfolio of insurance programs and demonstrates our ongoing commitment to Hawaii’s employers and insurance agents.  Our plan is to continue expanding HIMI’s services by offering our agents access to more underwriting facilities on which we have binding authority.”

Doehm said HIMI will now underwrite its Employment Practices Liability Insurance program through certain underwriters at Lloyd’s.  The program offers coverage to Hawaii’s employers and can be secured through HIMI’s agency sales force. HIMI’s other programs include property and liability coverage for contractors, personal accident insurance, public transportation and trucking insurance, a broad range of Excess and Surplus Liability on a contract binding and brokerage basis and all lines coverage for Human Services Organizations, including Directors and Officers insurance.

Founded in 2007, HIMI also provides related insurance services such as claims administration, premium audit services and loss prevention services to insurance carriers, self-insured entities and captive insurers.  HEMIC is the leading provider of workers compensation insurance in Hawaii.