A delegated authority relationship is formed when an insurer permits another party to act on their behalf, either in an underwriting or claims handling capacity. Where underwriting authority is delegated Lloyd’s refers to these as coverholders.
Coverholders represent an important distribution channel to the Lloyd’s market, with over 33% of Lloyd’s premium income sourced through delegated underwriting. This page and the pages attached to it provide reference material & documents, useful links, news and information for those involved in this distribution channel.
For more information on what a delegated authority is and how Lloyd’s manages them, please visit the Lloyd's Delegated Authority page.