There are 15 service companies in Singapore writing various classes of business.
Each of the service companies is staffed by experienced underwriters, who have the authority to underwrite a wide range of specialty classes. There are no regulatory restrictions on Lloyd’s Asia Service Companies over whom they can do business with. Lloyd’s Asia underwriters may deal directly with clients, or distribute through brokers and coverholders, and there is no requirement to use a Lloyd’s broker.
A policy issued by a Lloyd’s Asia service company offers the same highly-rated security to its policyholders as those issued by Lloyd’s syndicates in London ie ‘A+’ (Strong) from Standard & Poor’s, ‘AA-‘ (Very Strong) from Fitch Ratings and ‘A’ (Excellent) from A.M. Best (2019 Annual Report, published March 2020).
For more information on each individual service company in Singapore, please click on the links below.
