All firms wishing to become an approved coverholder must complete the application process.
Each applicant requires a managing agent and a sponsoring broker (although the latter is not necessary provided managing agent is agreeable), who perform their own due diligence of the application before it is submitted to Lloyd's coverholder department for review.
In reviewing an application Lloyd's will pay particular attention to the following areas:
• Suitability and experience of individuals
• Applicants financials
• Authority to operate in specified territories
For further information, please see the following link
Coverholder directory
Click here to access the coverholder directory for Ireland
This directory includes information on all approved and restricted coverholders. See www.lloyds.com/crystal for more details.
Atlas
Atlas is the secure web-based system that acts as an electronic filing and online application system for coverholders. It replaces all of the current coverholder related paper processes and allows users to complete:
- New coverholder applications, including branch applications.
- Annual compliance data that can be made available to all interested parties.
- Changes to approved coverholder information and permissions.
It is only this compliance and permission-based data that can be accessed by other agents and brokers where they have registered an interest with the coverholder. Any confidential commercial information that a firm may upload onto Atlas can be restricted to ensure other firms do not have access to that information. Please see Market Bulletin Y4211 for additional details.
For further information, please contact the Lloyd’s Delegates Authorities Department:-
General Enquiries: +44 (0)20 7327 6275
Email: coverholders@lloyds.com Open Market Correspondents (OMC)
