Syndicates are the traditional market facing business units at Lloyd’s.
They can be supported by one or more members of Lloyd’s; the members are the insurers for their share of any risk written by the syndicate (separately, not jointly).
Syndicates are the traditional market facing business units at Lloyd’s.
They can be supported by one or more members of Lloyd’s; the members are the insurers for their share of any risk written by the syndicate (separately, not jointly).
Lloyd’s has established overarching criteria for the assessment of all new entrants; these criteria are provided for by the Underwriting Byelaw and are set out in full in the requirements made pursuant to the Underwriting Byelaw.
More broadly, Lloyd’s will consider the extent to which the applicant’s proposed business adds value to the Lloyd’s market, having regard to criteria including:
Download the Syndicate Guide to find out more about our assessment criteria and how to apply.
You can find all the materials required for your application, including templates, by visiting the Useful resources page.