Lloyd’s issues “warning” about Marine Risks Ltd.

Lloyd’s Underwriters in Canada has issued a press release “alerting brokers and policyholders that neither Marine Risks Limited of Toronto and Miami nor its representative Iain Duncan are approved coverholders or registered open market correspondents and that they have no authority from Lloyd’s to place Canadian business in the Lloyd’s market.”
The release, written on the letterhead of Nicholas Smith, Lloyd’s attorney in fact in Canada, adds: “Cover purportedly written at Lloyd’s through Marine Risks has been shown not to exist.”
The short, one-page release, also “reminds brokers and policyholders that the injunction granted to [Lloyd’s] by the Ontario Superior Court against Ian Stuart et al ordering the defendants to cease and desist purporting to place business with Lloyd’s underwriters or Lloyd’s syndicates continues in force.”
The Lloyd’s release urges any party who has arranged Lloyd’s insurance through Marine Risks Inc to contact Lloyd’s Canada at (514) 861-8361 or info@lloyds.ca — “to ascertain whether the alleged policy that they hold is genuine.”