The ownership section for the coverholder shows both company and individual owners and what their shareholdings are. These details can be edited to add new information, or the ownership can be ceased, and details of the new owners added.
When submitting a change of ownership on ATLAS, please provide the following confirmation from the coverholder:
‘We confirm there are no material changes to this entity, and this is purely an ownership change. All systems and controls remain the same as per under previous ownership’.
If there will be material changes to the entity, such as changes to the legal name, key staff, location, or systems etc, please contact the Lloyd's Delegated Authority Team via Coverholders@lloyds.com before submitting a change of ownership on ATLAS.
Failure to include this information will result in the task being returned.
Ownership must be kept up to date on ATLAS as and when changes occur as agreed in the Coverholder Undertaking.