We are pleased to advise that Touchstone Underwriting was granted Lloyd's Coverholder status on Wednesday 17 May. We underwent a very extensive process ensuring that our systems and people comply with extremely high standards insisted upon by Lloyd's.Thanks to JH London Markets team and XL Catlin for sponsoring us and getting us through the process.
This is yet another string to our bow enabling Touchstone Underwriting to run and manage Lloyd's binding authorities - the first of which is a non-standard construction binder, going live shortly.
What does it mean for you, our broker?
- Touchstone Underwriting may run Lloyd's binders and facilities for you.
- Touchstone Underwriting have access to Lloyd's for schemes and binders - another major market in addition to the London Market.
- Gives you further confidence in us as a trusted partner.
Lloyd’s is the world’s specialist insurance and reinsurance market, bringing together an outstanding concentration of underwriting expertise and talent. It is often the first to insure emerging, unusual and complex risks.
Around 80 syndicates are underwriting insurance at Lloyd’s, covering all classes of business. Together they interact with thousands of brokers daily to create insurance solutions for businesses in over 200 countries and territories around the world. Lloyd’s insures the majority of FTSE 100 and Dow Jones industrial average companies.
Lloyd’s enjoys strong financial security supported by excellent ratings. Visit www.lloyds.com for more information.