Become a Lloyd's partner in Lithuania

Find out how to become a Lloyd’s coverholder or registered broker.

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. Coverholders are Lloyd’s trusted distribution partners 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 in Lithuania there are a number of requirements firms need to meet including:

  • Each applicant requires a sponsoring Lloyd’s broker and/or managing agent. The sponsor will perform their own due diligence of the application before it is submitted to Lloyd’s Delegated Authorities Team for review.

For more details on how to become a coverholder follow this link.

Do you, or your firm wish to learn more on how to take the first steps towards becoming a Lloyd’s coverholder?
Contact your local Lloyd’s representative to set up a meeting.


Become a Lloyd's broker

A Lloyd’s broker is an insurance intermediary licenced to place risks directly with the Lloyd’s market.
Lloyd’s approves Lloyd’s brokers to ensure they uphold Lloyd’s standards. All firms wishing to become a Lloyd’s broker must complete the application process.

To become a Lloyd’s broker in Lithuania there are a number of requirements firms need to meet including:

  • Your firm must be a locally licenced insurance intermediary approved by the local FCA in the domiciled country.
  • Each applicant requires sponsoring managing agents. The sponsor will perform their own due diligence of the application before it is submitted to Lloyd’s Delegated Authorities Team for review.

For more details on the requirements of becoming a Lloyd’s broker follow this link.

Do you, or your firm wish to learn more on how to start the process to becoming a Lloyd’s broker?
Contact your local Lloyd’s representative to set up a meeting.


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