The Principles for doing business at Lloyd’s (“The Principles”) are at the heart of our Oversight Framework and set out the fundamental responsibilities expected of all managing agents. The Principles provide a clear and consistent articulation of the outcomes expected by all Lloyd’s syndicates and managing agents, and also recognise that different syndicates and managing agents will deliver against the Principles in many different ways.
The 13 Principles set out the fundamental responsibilities expected of all managing agents in order to support the markets’ overall performance, capital strength, financial and reputational credibility. The Principles are supported by guidance in the form of a Maturity Matrix.
Click on each individual principle below to review their respective sub-principles and supporting guidance.