Corporate members can be established as private limited companies registered in the UK, Scottish limited partnerships or limited liability partnerships registered in England and Wales.
Except where the Council agrees, a member is required to appoint a members’ agent. Members’ agents are authorised by the FSA and their role includes: advising members of which syndicates to participate on, the level of participation on such syndicates and liaising with managing agents. A members’ agent will also guide a new member through Lloyd’s application process.
There are currently three members’ agents who will advise prospective members of Lloyd’s and persons interested in establishing a new member should contact a members’ agent. Further details can be found on their websites using the links below:
Argenta Private Capital Limited
Hampden Private Capital Group
Alpha Insurance Analysts Limited
Lloyd's accepts no responsibility for the content of external sites.
It is important that interested parties make themselves aware of the risks that membership entails. In particular, the underwriting of insurance is, by its nature, a high risk business and all the assets of a corporate member will be exposed to the possibility of underwriting losses.
A guidance note has also been produced by Lloyd’s for those who may be considering acquiring or disposing of an interest in a Lloyd’s corporate member where they are not members of Lloyd’s and have not engaged a members’ agent.
Guidance note on the transfer of interests in Lloyd’s Corporate Members (24KB, pdf)