Introduction to multi-year binders – Lindsey Davies, Deputy Head, Delegated Authorities, Lloyd’s:

After considerable consultation with the Lloyd’s market and the Lloyd’s legal team, Lloyd’s has introduced multi-year binders. Find out more about the wordings to be used and the process.

How multi-year binders work – Kevin Lazarus, Solicitor, Legal and Compliance, Lloyd’s:

Detailed explanation from Lloyd’s legal representative as to how the multi-year binding authorities will operate in practice and how the multi-year binder business should be accounted for. 

Processing multi-year binders – Lindsey Davies, Deputy Head, Delegated Authorities, Lloyd’s:

Detailed explanation as to how the multi-year binding authorities are to be processed when using Xchanging and how the year of account will work.