Lloyd’s underwriters are authorised to write all class of insurance business in Ireland except permanent health insurance. Lloyd’s underwriters are also permitted to write all class of reinsurance business in Ireland.
Lloyd’s Underwriters have a long established history of writing insurance business in Ireland. Prior to the establishment of the permanent Lloyd’s office, Lloyd’s outsourced the legal representative role to a Dublin law firm, known as W.G. Bradley. In light of the significance of the Irish market to Lloyd’s, a Country Manager, Eamonn P. Egan was appointed in August 2008 to actively promote the Lloyd’s brand in addition to the existing responsibilities of the legal representation of Lloyd’s.
The Irish market is currently ranked as the 13th largest source of revenue for Lloyd’s globally and 7th largest in European terms, generating €298 million in 2014, and continues to be very important to Lloyd’s. For more in-depth information on our market performance, please see Market information and tools.
The primary role of Lloyd’s Ireland is to maintain the regulatory platform for Lloyd’s Underwriters under the EU establishment regime and to perform a variety of ancillary legal and regulatory functions. In addition, we serve as a port of call for enquiries from the Irish and London markets relating to Lloyd’s and provide a variety of support services to the Lloyd’s Market, including dealing with complaints. Lloyd’s Ireland does not process premiums or claims nor is it involved in settlement activity.
A key role of Lloyd’s Ireland is to proactively promote the Lloyd’s brand to the local and London market and, support Lloyd’s managing agents in developing their business development objectives in Ireland. We organise high profile networking events and engage in various promotional/sponsorship activities in order to facilitate the development of new and existing relationships amongst our market stakeholders.
Should you wish to make an enquiry, please do contact us.