Kentucky bloodstock gets cash shot
Tue 13 Dec 2011
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Lloyd's trots out its 30th year of donations for global equine research
The Lloyd's market has presented a check for $45,000 to the University of Kentucky's Veterinary Science Department to support equine health research.
The donation marked the 30th anniversary of the market’s support of international bloodstock research, amounting to almost $1million of donations over the years.
"Lloyd's is the global leader in bloodstock insurance and we are proud to support the critical research needed to ensure equine health," says Julian Lloyd, Chair of Lloyd's Livestock Committee and bloodstock underwriter at Amlin.
The money donated by the market is used to fund an industry-respected research publication, The Equine Disease Quarterly, which is a valuable source of information for the equine veterinary community and the bloodstock industry internationally. It is distributed to more than 18,000 readers in 93 countries across the world.
The annual contribution was presented to University of Kentucky President Dr. Eli Capilouto by Pat Talley, Lloyd's Regional Director of the U.S. Central Region.
"Lloyd's has a unique and long-standing relationship with Kentucky's premier industry, and bloodstock makes up more than one third of Lloyd's Kentucky book,” says Talley. “The market is committed to delivering top insurance solutions to the industry here, and it is our honor to make an investment in the industry's worldwide future."
"The financial support from Lloyd's has allowed us to continuously publish The Equine Disease Quarterly since 1992," adds Mats Troedsson, Chair of the Department of Veterinary Science and Director of the Maxwell H. Gluck Equine Research Center. "The value of our partnership with Lloyd's cannot be overemphasized – and we’re very thankful for the longstanding support that has made this success possible," he continues.
Kentucky is one of two states in the U.S. where Lloyd's is licensed, primarily due to the market's expertise in bloodstock business and its ability to meet the insurance needs of the industry there.
Lloyd's wrote $67 million worth of premium in Kentucky in 2010.
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