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Ireland

Consumer Alert: Fraudulent motor insurance policies in Ireland

02 Feb 2024

Lloyd’s and Lloyd’s Insurance Company S.A (trading as “Lloyd’s Europe”) have become aware of fraudulent Irish Motor Insurance certificates in circulation which erroneously state the insurance is underwritten at “Lloyd’s of London”.  In some cases the certificates feature the Lloyd’s logo and refer to Lloyd’s market participants and other parties, who may in the past have legitimately offered motor insurance policies on behalf of Lloyd’s underwriters.  In particular, certificates may incorrectly include references to “Tokio Marine”. These certificates have not been issued by Lloyd’s underwriters and do not relate to valid insurance policies.

Our story in Ireland

Supporting Irelands insurance industry for 10 years.

Lloyd’s underwriters are authorised to write all class of insurance business in Ireland except permanent health insurance. Lloyd’s underwriters are also permitted to write all class of reinsurance business in Ireland.

Lloyd’s Underwriters have a long established history of writing insurance business in Ireland. Prior to the establishment of the permanent Lloyd’s office, Lloyd’s outsourced the legal representative role to a Dublin law firm, known as W.G. Bradley. In light of the significance of the Irish market to Lloyd’s, a Country Manager, Eamonn P. Egan was appointed in August 2008 to actively promote the Lloyd’s brand in addition to the existing responsibilities of the legal representation of Lloyd’s.

The primary role of Lloyd’s Ireland is to maintain the regulatory platform for Lloyd’s Underwriters under the EU establishment regime and to perform a variety of ancillary legal and regulatory functions. In addition, we serve as a port of call for enquiries from the Irish and London markets relating to Lloyd’s and provide a variety of support services to the Lloyd’s Market, including dealing with complaints. Lloyd’s Ireland does not process premiums or claims nor is it involved in settlement activity. 

A key role of Lloyd’s Ireland is to proactively promote the Lloyd’s brand to the local and London market and, support Lloyd’s managing agents in developing their business development objectives in Ireland. We organise high profile networking events and engage in various promotional/sponsorship activities in order to facilitate the development of new and existing relationships amongst our market stakeholders. 

The depth of expertise and breadth of products sets the Lloyd’s market apart. Customers have access to the combined scale, expertise and capacity of an entire market, not just a single insurance company.

As our world is reshaped by economic, environmental, geopolitical and technological shifts, the breadth, depth and responsiveness of the Lloyd’s market gives Irish businesses the confidence to move forward in the face of uncertainty.


Lloyd’s Europe

Lloyd’s requires all insurance risks located in the EEA to be written by Lloyd’s Insurance Company S.A. (“Lloyd’s Europe”) and not Lloyd’s underwriters.

Lloyd’s Europe is authorised and regulated by the National Bank of Belgium, and is fully Solvency II compliant, Lloyd’s Europe has passported into all EEA Member States for non-life insurance and is authorised to write non-life risks from Monaco and the UK.

To find out more about Lloyd’s Europe, visit the following link: https://www.lloydseurope.com


Our work in the community

Lloyd’s is committed to improving lives and building resilience in the local community. Through the Lloyd’s Together program we support local communities with projects that focus on education and employability, environment and sustainability, social welfare and health and disaster preparedness and relief.

The Lloyd’s market champions diversity and is leading the field in encouraging open, inclusive cultures across our industry.

  • Accident & Health
  • Agriculture & Hail
  • Aviation
  • BBB
  • Crime
  • Cargo
  • Casualty
  • Contingency
  • Cyber
  • Difference in Conditions
  • Directors & Officers
  • Employers Liability
  • Energy
  • Engineering
  • Extended Warranty
  • Financial Institutions
  • Fine Art
  • Legal Expenses
  • Livestock & Bloodstock
  • Marine
  • Medical Expenses
  • Medical Malpractice
  • Motor
  • General Liability
  • Nuclear
  • Pecuniary
  • Personal Accident XL
  • Political Risks, Credit & Financial Guarantee
  • Power Generation
  • Professional Indemnity
  • Property
  • Space
  • Specie
  • Term Life
  • Terrorism
  • Yacht

18.0%

NM General Liability (non-US direct)

14.0%

Overseas Motor

12.2%

Employers Liability/ WCA (non-US)

7.1%

Property D&F (non-US binder)

4.4%

Energy Offshore Property

4.2%

Marine XL

4.1%

Professional Indemnity (non-US)

4.3%

Financial Institutions (non-US)

3.2%

BBB/ Crime

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Frequently Asked Questions

View Lloyd's Europe FAQ's.

Contact

Country Manager

Eamonn Egan

Please note: The Lloyd's Ireland offices do not underwrite, quote or issue insurance policies. If you have a question about your Lloyd’s policy, please contact your insurance broker.

Lloyd's Ireland office

Lloyd’s Ireland Representative Limited

7/8 Wilton Terrace

Dublin 2