Become a Lloyd’s partner in the Nordics

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 with the local market together withand 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 the Nordic 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.

Please contact us to learn more about taking the first steps towards becoming a Lloyd’s coverholder.

A Lloyd’s broker is an insurance intermediary licensed 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 the Nordic there are a number of requirements firms need to meet including:

• Your firm must be a locally licensed 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.

Please contact us to learn more on how to start the process of becoming a Lloyd’s broker.