Customers can access the Lloyd’s market via a broker who can place risk with Lloyd’s in Singapore
In Singapore, Lloyd’s has a network of service companies and syndicates with specialist local underwriters providing cover for businesses across the Asia Pacific region. A service company is generally a wholly-owned subsidiary of a Lloyd’s managing agent and there are currently 14 service companies and 16 syndicates in Singapore.
Unlike the requirement for placing risk into the London Lloyd’s market, brokers here do not need to be a Lloyd’s registered broker to transact with Lloyd’s in Singapore.