Why use Lloyd’s underwriters?
Lloyd’s is a unique market place for a broker, we have the ability to discuss risks face to face and can bind cover instantly. As a subscription market, one underwriter will set terms and others then agree to share the risk.
Rather than an underwriting manual, many syndicates operate within pre-set parameters but view each risk as subject to their own interpretation and experience.
For hard to place risks, Lloyd’s underwriters are able to offer solutions that will often not be possible from a regular insurance company and will add their own bespoke wordings to make a risk acceptable if necessary.
In a nutshell, fast response, innovation and professionalism are the three reasons we use Lloyd’s.