Placing risk with Lloyd’s Europe
How to place a risk with Lloyd’s Europe
Lloyd’s Europe can accept risks and issue policies via the following entities:
Lloyd’s Europe registered brokers
Registered brokers bring risks to the underwriters in the Lloyd’s market on behalf of clients, using their specialist knowledge to locate the best underwriters and negotiate competitive terms and conditions. Find a list of Lloyd’s Europe registered brokers here or use the Lloyd’s Market Directory to find an alphabetical listing of the organisations that operate within the Lloyd’s market.
Lloyd’s Europe Service Companies
Lloyd’s Europe has a network of service companies across Europe, providing specialist underwriting expertise to their local markets. Contact your nearest European branch to find a service company in your country or use the Lloyd’s Market Directory to find specific organisations that are licensed to write non-life risks across the European Economic Area.
Lloyd’s Europe Coverholders
There are additional underwriting agencies (known as coverholders) across Europe issuing policies on behalf of Lloyd’s Europe direct to brokers and clients. Contact your nearest Lloyd’s European branch to find a coverholder in your country or find further details through the Lloyd’s Market Directory.
Strong financial protection across Europe
Our policies are backed by the same excellent financial ratings as Lloyd’s, so you can be sure placing risks with Lloyd’s Europe is safe and secure.
A+Standard & Poor (Strong)
AA- Fitch Ratings (Very Strong)
A A.M. Best (Excellent)
A strong Chain of Security
Lloyd’s Europe also benefits from Lloyd’s central resources, including the Lloyd’s Central Fund. As all Lloyd’s Europe policies are 100% reinsured back to Lloyd’s syndicates, they are ultimately backed by Lloyd’s unique capital structure, often referred to as the Chain of Security.
Both insurance and reinsurance policies placed with Lloyd‘s Europe benefit from the stability of the Lloyd’s Chain of Security. In addition, Lloyd’s Europe holds its own Solvency II capital for further protection.
Link one: Syndicate level assets
Link two: Members’ funds at Lloyd’s
Link three: Central assets
2019 Annual Report, published March 2020 – lloyds.com/annualresults2019
Foreign Account Tax Compliance Act (FATCA)
Lloyd’s Europe does not write US risk. For insurance premium, including US premium, paid to Lloyd’s syndicates, the single Lloyd’s market W-8 IMY will be sufficient for FATCA purposes. Further detail is available on the Lloyd’s FATCA pages.