Become a Lloyd's coverholder

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 contract. Coverholders are Lloyd’s trusted distribution partners operating from nearly 4000 locations around the world. The strength of the partnership lies in the combination of the local business knowledge and strong relationships of the coverholder and the underwriting expertise and financial security of the Lloyd’s market. Lloyd’s approves and regulates coverholders to ensure they uphold Lloyd’s standards. All firms wishing to become an approved coverholder must complete the application process.

To become a Coverholder you must find a sponsoring Broker and Managing Agent willing to support your application, or in the case where no Broker is involved, a direct deal Managing Agent who is acting as a Broker. You can find a directory of Lloyd’s Brokers online. It makes most sense to talk to a Lloyd’s Broker who deals with the type of business you do.

The Lloyd's Broker will be your main point of contact for information regarding Coverholder processes, systems and requirements. When you have found a Lloyd's Broker who is willing to sponsor your application, they will then find an appropriate Managing Agent to support your application, unless it’s a direct deal between the Coverholder and the Managing Agent who is sponsoring the application.

Once a Managing Agent has been found, they will complete a process of due diligence on your firm. If the Managing Agent wishes to support your application and grant you a binding authority, the sponsoring Broker or direct-dealing Managing Agent must then start the application on ATLAS.

Further information regarding the application process can be located here.

Become a Lloyd’s Broker

As a registered Lloyd's broker, you will have direct access to a unique pool of underwriting expertise in the Lloyd's global marketplace. You'll find the opportunities especially attractive for clients requiring specialist, innovative or bespoke risk solutions.

Our registered brokers are all experts within their fields, demonstrating true commercial expertise, professionalism and integrity. We welcome suitable applications from brokers in the UK and overseas. Our Broker Relationship Management team is here to guide you through the registration process.

Further information regarding the registration process can be located here.