Binding Authorities

Our Binding Authority team arranges delegated authorities, facilities and schemes tailored to our clients’ requirements for a wide range of business classes into Lloyd’s and the London Market.

We can handle the marketing and administration of both new and existing placements to deliver smooth and efficient operation of facilities for our clients.

Our Binding Authorities team will:

• Work with you to understand your requirements, whether the placement and marketing of a new facility/ binding authority or to support an existing relationship.
• Manage Mid Term Broker Changes.
• Assist with London Market compliance.
• Ensure contract terms are met.
• Deal with our own internal IBA to ensure delivery on processing and timely payment to Underwriters via the bureau.
• Work with claims teams to ensure efficient setting up and monitoring of claims funds and bordereau
• Use our in-depth knowledge and experience of Lloyd’s processes and procedures including Atlas, DAMS, Insurer Market Repository (IMR) and CLASS for claims to support the facility.
• We can also assist with the placement of any risks that fall outside any facilities.