Secure Sponsorship
Prospective Coverholders must be sponsored by both a Lloyd’s Broker and a Managing Agent. Sponsors support your application and provide key guidance throughout the process.
Our unique insurance market has an unrivalled concentration of specialist underwriting expertise. We want the best talent amongst global, regional, small and entrepreneurial businesses looking to grow their market share, access new business opportunities and benefit from our internationally recognised brand.
A Lloyd’s Coverholder, also referred to as a Managing General Agent (MGA), is a company that has been authorised by a Lloyd’s Managing Agent to enter into insurance contracts on behalf of a Lloyd’s syndicate. This authority is granted through a formal Binding Authority agreement, which defines the scope of underwriting and administrative functions the Coverholder is permitted to perform.
This arrangement allows Lloyd’s to extend its global reach through trusted local partners, offering specialist insurance products and expertise without needing a physical Lloyd’s presence in every market. Coverholders play a vital role in the Lloyd’s market by delivering products to local markets, leveraging local knowledge to write niche and specialty risks.
Lloyd’s is the world’s leading insurance and reinsurance marketplace. As a Coverholder, you gain the credibility and trust associated with the Lloyd’s brand, supported by strong financial ratings and security.
Coverholders are able to underwrite risks, issue policies, and manage claims under a Binding Authority agreement—delivering a tailored local service with the strength of Lloyd’s syndicates behind them.
Lloyd’s offers a wide range of specialist insurance solutions across multiple classes of business. Coverholders can utilise their local expertise to provide products to meet the needs of niche markets as well as emerging risks.
Coverholders work closely with experienced Lloyd’s underwriters and brokers to develop innovative and bespoke insurance solutions for their local markets.
Lloyd’s extensive global network provides regulatory guidance, market tools and support to ensure compliant and consistent service across territories.
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Prospective Coverholders must be sponsored by both a Lloyd’s Broker and a Managing Agent. Sponsors support your application and provide key guidance throughout the process.
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The Managing Agent initiates the application on Lloyd’s ATLAS platform. Applicants must supply business plans, financial information, and demonstrate robust operational capabilities.
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All applicants sign a Coverholder Undertaking confirming their commitment to Lloyd’s standards, compliance protocols, and operational integrity.
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Following due diligence review and approval, successful applicants are formally recognised as Lloyd’s CoverholdersSee more detail about the Coverholder application process and our guidance on each step.
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