Lloyd’s have collaborated with the LMA to produce a template that can be utilized by the market, where confirmation that a specific binding authority is in place, is required. This template is referred to as a ‘Letter of authority’.
The template is available for all managing agents however it is appreciated that some managing agents may already have their own template which can still be utilized. To drive consistency within the market, the letter of authority template can be found below. For Lloyd’s Europe, there is a separate Letter of Authority template which can also be found below.
Download Letter of Authority