Delegated Authority Guidance

The Code provides an introduction to delegated underwriting in the Lloyd’s market and sets out Lloyd’s expectations of managing agents when delegating underwriting authority to a coverholder (under a binding authority agreement) or another managing agent (under a line slip or consortium arrangement).

This Code is made pursuant to Paragraph 31 of the Underwriting Byelaw.

This latest Code applies with effect from September 2017 and updates and replaces the version issued in March 2015.