How to place risk at Lloyd's

In Australia, Lloyd’s has a network of syndicate service companies with specialist local underwriters. A syndicate service company is generally a wholly owned subsidiary of a Lloyd’s managing agent. They can be directly accessed by all ASIC and AFSL-licensed Australian brokers. In Australia there are currently eleven syndicate service companies – Arch Underwriting at Lloyds (Australia) Pty Ltd, Argenta Underwriting Australia, Berkley Insurance Business Australia, Canopius Australia, Catlin Australia Pty Ltd, Everest Insurance, Lancashire Underwriting Australia Pty Ltd, Liberty Specialty Markets Australia, Newline Group, Probitas 1492 & Starr Underwriting Agents (Asia) Ltd.

There are more than 160 additional underwriting agencies (known as coverholders) across Australia with authority to issue policies on behalf of Lloyd’s underwriters direct to brokers and clients.

In Singapore, Lloyd’s has a regional underwriting hub with 15 Lloyd’s syndicates providing specialist cover for businesses across the Asia Pacific. These Lloyd’s underwriters can be directly accessed by all brokers.

In London, brokers bring risks to the underwriters in the Lloyd's market on behalf of clients. These brokers are registered by Lloyd’s and use their specialist knowledge to locate the best underwriters and negotiate competitive terms and conditions on behalf of their clients. There are over 180 accredited firms of brokers working at Lloyd's in London, many of whom specialise in particular risk classes.