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Class of Business

This section shows the classes of business which the Coverholder is approved to write.

This page outlines which classes the Coverholder has permission to write and how to extend their authority. When a Coverholder is approved they are given permissions which define which classes of business they can write. If an approved Coverholder wishes to extend the classes of business they wish to write, an class of business extension request must be made via ATLAS.

A Coverholder is approved to write specific classes of business. If additional classes of business are required a Lloyd’s broker or direct-dealing Managing Agent must request them via ATLAS. The lead Managing Agent must then provide a rationale and approve this request before the tasks submitted to Lloyd's.

Where a new class of business is being added for an approved Coverholder Lloyd's requires the following supporting information to be provided:

The Broker is required to supply the following information:

  • CVs for Key staff members of the Coverholder showing they have the necessary experience to deal with the class being requested (these should be uploaded to the Key staff section, rather than the class of business application)
  • Information on whether the Coverholder currently writes this type of business

The Managing Agent should supply a supporting narrative including the following information:

  • Background, including the reason for requesting the additional class and whether you have written their business open market.
  • Types of risks being written.
  • Location of risks being bound.
  • Clarification of the risk codes for the classes being requested, including estimated premium, risk limits and projected loss ratio and level of authority per class. Please also provide the syndicate business forecast class the risks will be written into.
  • Information regarding the market conditions.
  • The proposed syndicate line for this class.
  • An assessment on whether the Coverholder has the necessary experience to deal with this class.
  • Whether this class is part of the agreed Syndicate Business Plan.
  • What is the proposed syndicate line?
  • Your support for the Coverholder underwriters writing the class concerned and their capabilities (details of principal staff, including persons who will be underwriting, their CVs and confirmation of their good character should be kept-up-to date in the Key Staff section)
  • The extent of underwriting authority to be delegated (i.e. full authority, pre-determined rates, or prior submit)
  • The risk limits
  • Historical/forecast loss ratio information for a least 3 years
  • How claims will be handled

This information can be provided as a business plan attached to the class of business task, added within the comment section or submitted on our class of business checklist which can be emailed to or attached to the relevant task. This process is highly recommended. Failure to include this information will result in the task being returned.

Class of Business Checklist for MA


After clicking new class of business you will be asked if you want to make changes to certain other sections of the Coverholders ATLAS details. Answering yes to any of these questions will add the forms to the change request. On the class of business page please select the currency and then select add class of business to add a new class. Select the required class from the drop down and enter the estimated premium income (EPI) for this class for both the Coverholder and Lloyd's. Select whether the premium is wholesale, retail or both.

You will also be asked whether it is intended that the Binding Authority for this class will include consumer products. Yes should be selected where any product to be offered under the Binding Authority will fit the definition of a consumer product provided in Market Bulletin Y4739 and provide a suitable Consumer Product Binder (CPB) Questionnaire.

For a list of the risk codes and their corresponding class of business please see the mapping document. Please note column ‘E’ reflects the selectable class of business within the drop down function on ATLAS and corresponds to the relevant risk code.

Risk Code Mapping Document


Once approved by Lloyd's the class of business will appear in the Coverholder's details tab and pending an overnight synchronisation will be selectable on BAR for binding authorities incepting from the date the class was approved. If the binder has already incepted and this class is being endorsed to the binder, this might require the class of business extension to be backdated to the inception date of the binder. Please notify Lloyd’s within the task itself if this is the case.

Extensions to these permissions may be requested by Lloyd's Broker or direct deal Managing Agent with a registered interest in the Coverholder. A Managing Agent is required to sponsor the request before submission into Lloyd's.

The task is a two stage change task. This means that two stakeholders, in this case the Managing Agent and Lloyd's are required to authorise the change and the information on the ATLAS database once the Coverholder, Lloyd's registered Broker or direct-dealing Managing Agent has created and submitted the task. The information will be immediately viewable under the details tab once approved.

Lloyd’s service standard: 10 Working Days.

Q: We wish to submit a class of business request for a Coverholder with full authority, however the Coverholder currently only has authority to write risks on a prior-submit basis.

A: A class of business extension can only be requested for the same level of authority which the Coverholder is currently approved for. If you wish to grant a higher level of authority to write a new class of business, this will need to be submitted as a separate underwriting authority task on Atlas and approved before the class of business task can be approved.

Q: What is the best way for us to submit the supporting information required for a class of business task?

A: As long as the information requested above is provided to Lloyd’s, it does not matter if it is submitted as supporting information on the task or using our class of business checklist and emailed to However, the class of business checklist provided above is the most straightforward way for you to ensure that all the information that Lloyd’s requests is covered.

Q: A class of business task was approved by Lloyd’s this morning, but I am still unable to select this class on BAR.

A:  Please note that it can often take up to 24 hours for Atlas to synchronise with BAR, therefore the class may not be selectable straight after the class has been approved by Lloyd’s. If the class is still not available on BAR 24 hours after approval, please contact

Q: The coverholder is looking to write Reinsurance business, what do I need to do?

A: The coverholder will require a class of business extension for ‘Reinsurance (World-Wide)’ on Atlas as well as the corresponding classes for which are being reinsured on Atlas also.