Decus has a track record of achieving Lloyd's Coverholder approval for the agents it supports and collaborates with.
We will assist in every stage of the process and will assist in achieving satisfactory responses to the following Lloyd’s requests as part of the approval process;
- Stakeholders
- Company Information
- Underwriting and Claims
- Business Strategy
- Ownership of the Company
- Key Staff
- Reputation and Standing
- Professional Indemnity (PI) Insurance
- Financials
- Bank Accounts
- Systems and Controls
- Licences
- Class of Business
- Regions
The benefits of becoming a Lloyd's Coverholder include:
- Being supported by A+ (S&P), AA- (Fitch), A (A.M. Best) security.
- Ability to be free to develop your business with a good underwriting delegated platform behind you.
- Ability to earn competitive and increased commissions also in relation to profitability.
- Decus will work with you to finesse a business plan with targeted products.
- The business plan should include details of directorships, distribution channels, projected premium income and current performance.
- We will solicit support from a Lloyd’s Managing Agent.
- We will establish the type of authority you would require which may include full underwriting authority.
Glyn Harris
Chief Executive Officer
Trevor Larwood
Chief Operations Officer
Tracey Titley
