The arrangements allow brokers and underwriters to transact the relevant Japan risks in the Lloyd's underwriting room, following the same process as for other open market business. It provides a compliant mechanism for writing multi-territory risks with a Japan element.

Brokers and underwriters will benefit from more flexible placement options and reduced operational complexity.

See the downloads below for further information. The material below reflects updated procedures and guidance as at July 2015.

Downloads

Market Bulletin Y4912

Japan Open Market Model - Outline of Requirements & Process

Lloyd's Japan Solvency Guide 

Japan Open Market Model - Placement Process

LMA3131 - Japan Endorsement

LMA5194 - Instruction to Bind Clause

LMA5195 - Interlocking Clause

 

Contacts

For all comments and questions, please contact:

Iain Ferguson
President & Chief Operating Officer,
Lloyd's Japan
iain.ferguson@lloyds.com

Mineyuki Yokota
Underwriting Service Director, Japan Underwriting Services Team
Lloyd's Japan
mineyuki.yokota@lloyds.com

John Threshie
Senior Broker Relationship Manager
Global Markets
john.threshie@lloyds.com