Special Milestone for Petersen International Underwriters
Petersen International Underwriters is proud to announce the celebration of its 35th anniversary as a Coverholder for Lloyd’s of London.
Over 60 years ago, W. Harold Petersen began a long journey of discovery into the world of disability insurance. Fueled by the personal experience of growing-up with a disabled father, Harold’s affinity to the DI market was instant when he became employed by Mutual of Omaha as a young man.
Harold spent years learning and teaching about disability insurance throughout the Midwest. Finally, he and his family landed in Los Angeles where he and his sons developed what is today Petersen International Underwriters.
Evolving from an independent retail brokerage into a full-service wholesale insurance business, the Petersens kept finding that many of the high-income earning entertainers, attorneys and executives of Southern California were unable to find sufficient levels of disability income insurance. They searched the U.S. and international insurance markets and eventually found the perfect solution at Lloyd’s of London, the centuries-old financial institution. A formal introduction was made.
That introduction blossomed into a successful partnership with the Lloyd’s insurance market that has continued to grow to this day. Almost four decades ago, Petersen International was graciously granted the title of Coverholder, giving them the “power of the pen” to underwrite and bind insurance on the behalf of those at Lloyd’s. Petersen International is currently the largest personal accident Coverholder at Lloyd’s in the United States.
To this day, Harold’s goals remain what they were those 60 years ago – to spread the word about the incredible importance of disability insurance so that every working American is financially protected in case they were to become sick or injured and unable to earn a living. Petersen International continues to adhere to Mr. Petersen’s ideals by providing disability insurance to those who aren’t able to successfully attain sufficient DI coverage through the traditional U.S. market.
Petersen International looks forward to another 35 years as a member of Lloyd’s distinguished family.