Guides for New Entrant Applications
This section gives access to the Lloyd's guides to setting up a new underwriting business (syndicate, managing agent, Special Purpose Arrangement, corporate member).
Developing a new Lloyd's Underwriting Business
If you would like to learn more about establishing a syndicate or managing agent, please click on the following link to access the Lloyd's guide
New Entrant Framework Executive Summary
In addition the document below summarises information on the New Entrant Framework, timings, costs and syndicate capital.
SPA Guide
If you are interested in developing your understanding of the Special Purpose Arrangement (SPA) model please click on the following link to access Lloyd's SPA guide
Making it Happen Guide
For further information on the Making it Happen (MiH) process please click on the following link to access the Lloyd's MiH guide
Establishing a Corporate Member
A corporate member can be established as a private limited company registered in the UK, a Scottish limited partnership or a limited liability partnership registered in England and Wales.
A member supported by private capital needs to appoint a members' agent. A member supported by corporate or trade capital will need to appoint either a members' agent or an advisor. There are currently three members' agents who will advise prospective members about underwriting at Lloyd's.
It is important that interested parties make themselves aware of the risks that membership entails. In particular, the underwriting of insurance is, by its nature, a high risk business and all the assets of a corporate member will be exposed to the possibility of underwriting losses.
Guidance on establishing a corporate member is intended to be available during Quarter 1 2017
The following guidance note is targeted at those who may be considering acquiring or disposing of an interest in a Lloyd’s corporate member.
Guidance note on the transfer of interests in Lloyd’s Corporate Members