Lloyd's to inaugurate multi-year binding authority agreements in 2016

Starting in 2016, underwriters at Lloyd's may enter into binding authority agreements with coverholders for up to 36 months. 

Coverholders are a valued and important part of the Lloyd's market. Feedback from them and organizations such as AAMGA, NAPSLO, LIIBA, and LMA has emphasized the value coverholders place on long-term relationships with Lloyd's managing agents.

See more information, including LMA "multi-year" contract wordings FAQs, at lloyds.com

Posted on October 20, 2015 .