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How to place a risk with Lloyd's in Portugal

In Portugal, Lloyd’s managing agents, on behalf of Lloyd’s Brussels, can accept risks and issue policies via local Portuguese coverholders, or open market business through duly authorised brokers or European coverholders.

COVID-19 measures for the insurance sector adopted by the Portuguese Government and the Insurance regulator (ASF - Autoridade de Supervisão de Seguros e Fundos de Pensões)

The Portuguese Government adopted the Decree-Law Nº 20-F/2020, which established an exceptional and temporary regime in the context of the COVID-19 pandemic, relating to: (i) the payment of premiums; and (ii) the effects of the temporary risk reduction on insurance contracts resulting from a significant reduction or suspension of activity. The Decree-Law entered into force on 13 May and will finish on 30 September.

Subsequently, on 23 June, the ASF adopted the Regulatory Order 8/2020-R, which prescribes that insurance operators must organise themselves to comply with specific disclosure, information and diligence duties. It also provides the content, format, means and deadlines for reporting information to the ASF. Underwriters are advised to review the ASF website (Portuguese only) for further information.

Please find an English translation of the Regulatory Order 8/2020 attached.

Coverholders: Lloyd's Brussels may delegate their authority to enter into contracts of insurance to an intermediary known as a 'coverholder'. In such circumstances the general principle is that the coverholder acts as agent of Lloyd's Brussels (rather than as agent of the policyholder).

Portuguese Coverholders


Class of Business:

  • Cargo

Details of contact:

Rua Laura Alves, 12 – 3º

1050-138 Lisboa

Tel.: +351 21 041 03 40

Contact: Alfredo Martínez


Class of Business:

  • Fine Art
  • Classic cars including luxury cars
  • Jewelers Block
  • Species
  • PI for lawyers, accountants and excess layer for notaries and solicitadores
  • Public liability
  • Products liability


Details of contact:

Av. Duque de Loulé, nº123, 4º piso, fração 4.7, 1069-152 Lisboa

Tel.: +351 215 918 370

Contact: Gonçalo Baptista

Lloyd's brokers: insurance business is generally brought to Lloyd's by Lloyd's brokers who are insurance broking firms accredited by Lloyd's to broke insurance business at Lloyd's.

Portuguese Lloyd’s Broker


Avenida da Boavista 1277/81 2nd Floor
Porto, 4100-130 Portugal
Tel.: (+351) 22 608 24 10

Contact: Ana Cristina Borges / André Paraíso Vicente

Email:   /

Find a broker, syndicate or coverholder