There are multiple ways you can participate in the Lloyd’s market. Find out which is the best choice for you.
Participating options
![](https://assets.lloyds.com/media/791663fc-28c2-4c26-b4a9-a1cee74831fe/Syndicate_PageCard_Icons4.jpg)
Syndicate
“I want to establish a Lloyd’s underwriting business leveraging my resources, distribution and capital.”
An opportunity to develop an underwriting business at Lloyd’s.
![](https://assets.lloyds.com/media/2d98164e-b471-4c32-9223-d7b6d81f1d25/SPA_PageCard_Icons1.jpg)
Special Purpose Arrangement
“I want to partner with an existing syndicate to develop my business.”
A syndicate that provides reinsurance capacity to an existing syndicate.
![](https://assets.lloyds.com/media/75845f77-8d1e-46b1-87f4-d91da4704726/SIAB_PageCard_Icons3.jpg)
Syndicate in a box
“I want to test a new and innovative business at Lloyd's.”
An opportunity to establish an initial 3 year market facing syndicate that delivers innovation, new technology and disruption.
![](https://assets.lloyds.com/media/833a90fa-18a5-4967-83c2-dcc3f67fde2c/Captive-syndicate_PageCard_Icons2.jpg)
Captive syndicate
“I want to underwrite my own risks, or risks that I partially control, at Lloyd's.”
A syndicate that provides coverage for a group’s first and related third party risks.
![](https://assets.lloyds.com/media/e2f905ff-b704-4e4b-9929-78b9a7a9f273/MA_PageCard_Icons5.jpg)
Managing agent
“I want to manage a syndicate and determine all matters related to underwriting.”
A UK regulated company that is responsible for the management, oversight and governance of one or more syndicates.