A Coverholder is a company or partnership authorised to enter into a contract of insurance on behalf of a Lloyd’s syndicate in accordance with the terms of a binding authority. The Coverholder acts as agent of the Lloyd’s underwriters, rather than an agent of the policyholder.
Coverholders are Lloyd’s trusted distribution partners around the world. The strength of the partnership lies in the combination of the local business knowledge and strong relationships of the Coverholder and the underwriting expertise and financial security of the Lloyd’s market.
Lloyd’s approves and regulates Coverholders to ensure they uphold Lloyd’s standards. Interested firms should contact Lloyd’s General Representative in Germany to discuss the requirements and process before applying.
Find out more about the application process to become a Lloyd’s Coverholder