Delegated Authority at Lloyd’s

Delegated Authorities Lloyd’s delegated partners Resources Attestations and Referral Criteria

Delegated Authorities

The Delegated Authority (DA) space is a vital and expanding segment of the Lloyd’s insurance market. Business is conducted through coverholders and service companies, offering access to specialised expertise and diverse portfolios across the globe.

Delegated underwriting is a key distribution channel for Lloyd’s, accounting for approximately 45% of the market’s premium income. Lloyd’s is committed to being the market of choice for sustainable and profitable delegated business partnerships.

Explore resources on Delegated Authority, including guidance and requirements, market tools, and the coverholder approval process.

250+

territories where risks are placed

$26.2bn

annual premium

2,800+

coverholder global branches

400+

service companies

Lloyd’s delegated partners

Coverholders

An arrangement under which a managing agent of a syndicate delegates its authority to a coverholder to enter into contracts of insurance on behalf of the syndicate.

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Service Companies

When a managing agent wishes to establish a new service company - or a branch of an existing service company.

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Consortia

Consortia bring together the expertise and capacity of multiple syndicates into a single, streamlined underwriting proposition.

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Digital Platform Providers

A third-party entity that uses an automated online platform to automatically bind policies and issue policy related documentation on behalf of a managing agent or coverholder.

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Delegated Claims Administrators

Delegation of claims refers to an arrangement under which a Managing Agent of a syndicate delegates its authority to a Lloyd’s approved DCA to settle claims on behalf of the syndicate.

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