Lloyd’s China’s business model was designed to reflect Lloyd’s unique market structure within the confines of the People’s Republic of China (PRC) law. Thus, a divisional structure was established and Lloyd’s China sets up an Underwriting Division within Lloyd’s China for each participating syndicate which need to be equipped with sufficient resource locally.
Underwriting divisions on China platform
Business model on China platform
All risks are underwritten under the name of Lloyd’s China and each Lloyd’s China policy is supported by the Lloyd’s Chain of security via the unique business model of Lloyd’s China.
Each risk or portion thereof that Lloyd’s China accepts will be accounted for against the corresponding Underwriting Division.
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