Delegated Authrorities
View all 'Delegated Authrorities'A branch application can only be submitted where the legal entity is identical to an existing approved coverholder. This does not include subsidiary companies and or sister companies within the same group.
If the application is for an entity in the same group but with a different legal name, a full application must be submitted.
A branch can be created by searching for the existing approved legal entity within company search function on ATLAS. Once the head office has been identified from the search, either the sponsoring Broker or direct dealing Managing Agent must click 'select' under actions and select 'new coverholder branch'. This will generate a unique Coverholder PIN. e.g. (111000ABC) and enable the ATLAS application to be populated.
The coverholder will need access to the branch application in order complete and to sign off that the information is valid. For a coverholder to get access to ATLAS a Broker or Managing Agent will need to have started a branch application on ATLAS. The coverholder can then fill out the ATLAS user application form which can be found here. Confirmation and instructions will be sent to users once access has been granted.
Once a branch has been approved the bulk change function will be enabled which allows the professional indemnity, financials, and assertion of licences of an organisation to be updated across multiple coverholder records in one task.
Once the application has been submitted to the Managing Agent, the Managing Agent is required to contact the Lloyd’s Country Manager, in the relevant territory where the applicant is domiciled.
Details of the Country Manger contacts can be found on Crystal and on our global offices webpage:
The Lloyd’s Country Manager may not require a meeting with the coverholder for branch applications. This will be confirmed once you have contacted them.
Some applications will require additional conversations or reviews by internal Lloyd’s teams. These could be based on regulatory, underwriting, customer outcomes or delegated authority referrals. The sponsoring Managing Agent is required to review the Lloyd’s referral criteria and assess if the proposed application will require any further discussions within Lloyd’s. The referral criteria and risk code mapping document explain the additional information that is required to be provided for these referrals.
Please do not submit the application to Lloyd’s until you have spoken to the Country manager and any additional referrals have been completed. We will return any applications which do not follow the process correctly.
A signed attestation, confirming the proposed coverholder meets all the necessary requirements to become a Lloyd’s coverholder; will need to be submitted with the coverholder application. Sponsoring Managing Agents who meets their relevant expectations under the Principles for Doing Business, are no longer required to submit a decision paper. Lloyd’s will rely on the due diligence that a Managing Agent has carried out and their overall assessment of that coverholder.
Lloyd’s Insurance Company SA (“Lloyd's Europe”) is an Insurer authorised and regulated by the NBB and the FSMA, with its Head Office registered in Brussels, Belgium. Lloyd’s Europe as an insurer is a platform to allow Lloyd’s Underwriters continued access to European business following the United Kingdom's withdrawal from the European Union.
All business written via Lloyd’s Europe is 100% reinsured to Lloyd’s Underwriters. The Managing Agent (referred to as Service Provider for Lloyd’s Europe) via outsourcing agreements, performs coverholder onboarding and ongoing oversight activity on behalf of Lloyd’s Europe. While activity is outsourced to the Managing Agent, Lloyd's Europe remains responsible for all activity outsourced to Managing Agents and Coverholders, in the distribution of an insurance contract.
We are aligning the Lloyd’s Europe coverholder’s onboarding process with the rest of the world. Therefore, when carrying out their due diligence, the managing agent should reach out to the relevant Country Manager for a review with the applicant.
Once the relevant Country Manager has given their confirmation the process can be continued; and when the managing agent has completed their due diligence, they can then submit the application on Atlas, along with the signed coverholder onboarding attestation to coverholders@lloyds.com.
All the above points being completed, once the application is submitted to Lloyd’s with the attestation, the Lloyd’s DA Team will then carry out the formal registration process.
For general enquiries related to Lloyd’s Europe coverholder applications, please contact LloydsEurope.DelegatedAuthority@lloyds.com.
All the above points being completed, once the branch application is submitted to Lloyd’s with the attestation, the Lloyd’s DA Team will then carry out the formal registration process.
If the sponsoring Managing Agent is not meeting the relevant expectations under the Principles for Doing Business, they are required to submit a completed decision paper, with the ATLAS application and Lloyd’s will also carry out an assessment of the proposed branch application.
The decision paper should be completed by the sponsoring Managing Agent. Please contact the Lloyd’s Delegated Authorities team for a copy of the decision paper’
Find out more about bulk changes
View Lloyd's Europe Coverholder Application form