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Our licences

Our International Trading Rights​

Lloyd’s extensive trading rights underpin its multinational proposition. Through a combination of licences, authorisations and ongoing regulatory engagement, Lloyd’s is  able to offer managing agents the tools needed to grow in the multinational space. Clients’ global insurance needs can often be met through one single policy enabling reduced programme complexity.

Map is colour coded to demonstrate the 4 different categories countries fall into:

US surplus lines (yellow)
Lloyd’s underwriters are able to write surplus lines business and reinsurance in all US states.

Insurance & reinsurance ‘direct’ licence (green)
80 territories in which Lloyd’s managing agents can write insurance and reinsurance typically on a single policy written on Lloyd’s paper. These are policies that function as locally admitted placements.

Reinsurance only (blue)
Territories where Lloyd’s is specifically registered or licensed to write reinsurance business only.

Cross border reinsurance (red)
Territories where Lloyd's can transact crossborder reinsurance from, with all underwriting activity taking place outside of the territory (subject to sanctions). 

Download the documentation below for a full overview.

Single Contract​

In most of the 80 territories where Lloyd's has insurance licences, Lloyd’s underwriters will be able to provide the multinational cover in a single insurance contract. Lloyd’s is committed to using the Market Reform Contract (MRC) standard for all open market placements. Additionally, we have arrangements in place to facilitate the issuance of local policies in territories such as Canada, China, and Japan.

Education Resources

Lloyd’s licenses – overview

Lloyd’s licenses – full version