accounts placed at Lloyd’s as a result of becoming a Lloyd’s Broker. Alternatively, you might hold delegated underwriting authority from Lloyd’s Underwriters. You must be fully authorised by your local regulator. You can be domiciled in most territories, as long as it would be possible to demonstrate to Lloyd’s that the Regulatory environment there met certain standards. You need to be able to demonstrate that your resources, both Human and Financial are adequate and if they are, you can even be a “start-up” operation. Can an applicant get support with the accreditation process? Helodrium provides an all-round service to help achieve Lloyd’s Broker accreditation as well as manage the back office requirements of operating in the London Market. Helodrium has successfully brought other companies Would you consider becoming a Lloyd’s Broker? The full classification of “Lloyd’s Broker” reflects the very important role that Lloyd’s brokers have to play at Lloyd’s and the high quality of mediation that they bring to the market, which is recognised around the world. Being a Lloyd’s Broker can actually bring you further opportunities by enabling you to represent other intermediaries to Syndicates and Companies in the London Market. Who might benefit from becoming a Lloyd’s Broker? There are three groups that might benefit from becoming Lloyd’s Brokers, ➢ UK regional broking firms and Non-Lloyd’s brokers operating within the “London Market”, many of which would be correspondent brokers of Lloyd’s Brokers. ➢ non-UK-domiciled brokers, that are also likely to be correspondent brokers of one or more Lloyd’s Brokers. ➢ employees of existing broking firms who want to break away to form their own companies. What do you need to have in place already in order to become a Lloyd’s Broker? You need to be a producer of wholesale or retail insurance business, ideally with a proportion of your existing portfolio already placed with Syndicates at Lloyd’s, or at the very least, the opportunity to acquire What’s involved in becoming a Lloyd’s Broker? www.helodrium.com 020 3544 5050
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accounts placed at Lloyd’s as a result of becoming a
Lloyd’s Broker. Alternatively, you might hold delegated
underwriting authority from Lloyd’s Underwriters.
You must be fully authorised by your local regulator. You
can be domiciled in most territories, as long as it would
be possible to demonstrate to Lloyd’s that the
Regulatory environment there met certain standards.
You need to be able to demonstrate that your resources,
both Human and Financial are adequate and if they are,
you can even be a “start-up” operation.
Can an applicant get support with the accreditation
process?
Helodrium provides an all-round service to help achieve
Lloyd’s Broker accreditation as well as manage the back
office requirements of operating in the London Market.
Helodrium has successfully brought other companies
Would you consider becoming a Lloyd’s Broker?
The full classification of “Lloyd’s Broker” reflects the
very important role that Lloyd’s brokers have to play at
Lloyd’s and the high quality of mediation that they bring
to the market, which is recognised around the world.
Being a Lloyd’s Broker can actually bring you further
opportunities by enabling you to represent other
intermediaries to Syndicates and Companies in the
London Market.
Who might benefit from becoming a Lloyd’s
Broker?
There are three groups that might benefit from
becoming Lloyd’s Brokers,
➢ UK regional broking firms and Non-Lloyd’s
brokers operating within the “London
Market”, many of which would be correspondent
brokers of Lloyd’s Brokers.
➢ non-UK-domiciled brokers, that are also likely
to be correspondent brokers of one or more
Lloyd’s Brokers.
➢ employees of existing broking firms who
want to break away to form their own
companies.
What do you need to have in place already in order
to become a Lloyd’s Broker?
You need to be a producer of wholesale or retail
insurance business, ideally with a proportion of your
existing portfolio already placed with Syndicates at
Lloyd’s, or at the very least, the opportunity to acquire