New Zealand Coverholders
A Coverholder is a company or partnership authorised to enter into a contract of insurance on behalf of a Lloyd’s syndicate in accordance with the terms of a binding authority. Coverholders are Lloyd’s trusted distribution partners around the world. There are over 33 Lloyds’s Coverholders in New Zealand.
A service company operates like a coverholder but is a wholly owned subsidiary of a managing agent or its group. Unlike a coverholder, a service company can sub-delegate underwriting authority to other coverholders.
There are currently no Service Companies on the ground in New Zealand.
Open Market Correspondent (OMC)
An OMC is an insurance intermediary who introduces business to a Lloyd's broker for placement in the Lloyd's market on an open market basis.
You can access Lloyd’s via a local New Zealand coverholder or open market correspondent.
Use our market directories to find an accredited Lloyd’s broker, syndicate or coverholder.
Please use the market directory on Lloyds.com to search for a local representative by class of business and country.