Coverys Managing Agency Provides Lloyd’s Syndicate Management and Start-Up Support


Your Lloyd’s business aspirations meet our experience and resources: a winning combination


Coverys Managing Agency is a fully authorized Lloyd’s managing agency. We deliver the services necessary for the management and oversight of existing syndicates, including Syndicates 1975, 1991, 1110, and 3330. As a third-party managing agent, we also assist businesses in launching underwriting activities at Lloyd’s through new syndicates.

Previously known as R&Q Managing Agency, our agency was originally formed in 2003 to handle Lloyd’s run-off business and expanded in 2010 to act as a fully fledged agency managing live syndicates. Coverys acquired the agency in November 2017.

Third-Party Management

We draw upon the skills and experience of a dedicated team, supplemented by the full complement of in-house resources required to manage syndicates at Lloyd’s. This includes:
 
  • Underwriting processes, support, and oversight
  • Actuarial services
  • Reinsurance
  • Broker appointment
  • Financial management and reporting
  • IT resources
  • Claims handling and processing

Coverys Managing Agency acts as a managing agent for prospective new entrants to the market. Assistance can be provided by the Agency to cover the different elements of the syndicate start-up process including:
 
  • Initial concept discussions with Lloyd’s
  • Management of the Lloyd’s new entrants process
  • Syndicate establishment and capital raising
  • Management, operation, and oversight
  • Exit strategies and migration
  • Ongoing service provision

Contact us to get more information.

 

 

GENERAL DATA PROTECTION REGULATION (GDPR)

As a Company domiciled in the United Kingdom of Great Britain and Northern Ireland, Coverys Managing Agency Limited (CMAL) is bound by the Laws of England and Wales and of the European Union (EU). This regulation applies both to the activities of CMAL and the Lloyd’s Syndicates that it manages. Equivalent or similar law in the United States of America is not applicable unless it explicitly has extra-territorial effect.

The EU GDPR requires us to publish information about how we handle personal information including special category information (for example medical records). This includes how we safeguard this information.

Please see our Privacy Notice which is published below. For the avoidance of doubt, this only covers Coverys Managing Agency Limited and the business traded by Lloyd’s Syndicates 1110, 1975, 1991 and 3330. Syndicate 1991 has its own dedicated website. Please click here for further information.

Please click here to access Coverys Managing Agency Limited short form Privacy Notice.

Further information may be found within the long form Privacy Notice.

Please click here to access Coverys Managing Agency Limited long form Privacy Notice

Any further questions or you wish for us to update the information we hold, please email the Data Protection Officer (data.protection@coverys.co.uk).

Coverys Managing Agency Limited remains committed to respecting human rights in all its operations and external business dealings. Our commitment to human rights is reflected in the Anti-slavery and Human Trafficking Policy. Coverys Managing Agency recognises modern slavery, servitude, forced or compulsory labour and human trafficking (“Modern Slavery”) as grave violations of many human rights and freedoms. 

Coverys Managing Agency Limited is committed to ensuring a diverse workplace and does not discriminate on any grounds during the course of its employment practices. Please click here to find Coverys Managing Agency Limited full Diversity Policy.

Coverys Managing Agency Limited is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 04690709, Registered Office: 71 Fenchurch Street, London EC3M 4BS