These licences offer us broad access to major insurance and reinsurance markets worldwide. See Crystal for more details.

Generally, Lloyd's Underwriters do not negotiate directly with the assureds and/or policyholders, but accept business through the following intermediaries:

Lloyd's brokers:
Insurance business is generally brought to Lloyd's by Lloyd's brokers who are insurance broking firms accredited by Lloyd's to broke insurance business at Lloyd's. In Switzerland under the Insurance Supervision Law (ISL), insurance intermediaries are subject to Swiss federal supervision and must be registered in the Swiss Financial Market Supervisory Authority FINMA Register. For non-tied insurance intermediaries, entry in the Register is mandatory, for both legal entities and natural persons.

Lloyd’s Coverholders:
Lloyd's Underwriters may delegate their authority to enter into contracts of insurance to the 'coverholders'. In such circumstances the general principle is that the coverholder acts on behalf of the Lloyd's Underwriters (rather than on behalf of the policyholder). In Switzerland under the Insurance Supervision Law (ISL), insurance intermediaries are subject to Swiss federal supervision and must be registered in the Swiss Financial Market Supervisory Authority FINMA Register. Furthermore Swiss coverholders must also be authorised by the Swiss Financial Market Supervisory Authority FINMA.

Find Lloyd’s Coverholders in Switzerland

Lloyd’s Open Market Correspondents (OMCs):
An OMC is an insurance intermediary in certain designated territories that introduces business to the Lloyd’s market for placement at Lloyd’s on an open market basis and which does not have the status of a Lloyd’s approved coverholder. In Switzerland under the Insurance Supervision Law (ISL), insurance intermediaries are subject to Swiss federal supervision and must be registered in the Swiss Financial Market Supervisory Authority FINMA Register. For non-tied insurance intermediaries, entry in the Register is mandatory, for both legal entities and natural persons. Furthermore Swiss OMCs must also be authorised by the Swiss Financial Market Supervisory Authority FINMA.

Find Lloyd’s OMCs in Switzerland

Useful links

Lloyd’s glossary
Lloyd’s Agency Network in Switzerland
Lloyd’s Wordings Repository
Lloyd’s Swiss Brokers’ Association 
FINMA Intermediary portal