About Cantor Atkin Broker Services for Lloyd's Coverholders
Are you an established Lloyd’s coverholder looking to reduce your back-office administrative costs or manage these more effectively? Are you looking for a flexible service allowing you to draw on extra back-office resources on a short-term or long-term basis or looking at full support for your entire insurance back-office process?
Are you just starting on your journey as a Lloyd’s coverholder and seeking guidance on insurance back-office processes?
Our Kent-based team of professionals has over 65 years of experience in the Lloyd’s and London insurance market and extensive knowledge of the regulatory and operational requirements these place on your organisation. Our highly experienced staff have assisted coverholders from many different countries over the years as diverse as France, Australia, Ecuador, Germany, the USA, Jordan and the United Arab Emirates. Furthermore, the business classes we cover are wide-ranging from Directors & Officers, General Liability, Property, Professional Indemnity, Contingency, Kidnap & Ransom and Marine to name a few.
To free up your staff and financial resources, we can offer insurance back-office technical support via a cost-effective, flexible and tailored service. Furthermore, our transparent flat fee structure enables you to budget effectively and accurately.
Our Lloyd's Coverholder technical back-office services include:
- Full preparation of placing documentation in accordance with the London Market Group requirements including certificates, endorsements and Binding Authority Contracts.
- Production and issuance of quotes and certificates.
- Production of premium and claim bordereaux and submission to brokers.
- Bordereaux analysis and monitoring of premium income limits.
- Recording and reporting of binder performance from year to year.
- Assistance with cash matching and legacy unallocated cash issues.
- Liaising with Third Party Administrators (TPAs).
- Assistance with credit control and chasing aged debts.
- Access to our broking system if required for through processing and document management.
Already an established Lloyd's Coverholder?
The Cantor Atkin Broker Services team will work with your existing team and integrate seamlessly within your organisation. You can pick and mix from our list of services above or indeed talk to us about your specific requirements or projects. Whether you wish us to look after your premiums processing, chase aged debts or act as an extra pair of hands at busy renewal periods, we are happy to discuss the options relevant to you and pride ourselves on offering a flexible and personal service.
Thinking of becoming a Lloyd's Coverholder?
If you are considering becoming a Lloyd’s Coverholder, we can assist you.
As well as the full suite of support services we offer once your application has been successful, we are also able to offer dedicated access to a broking system which will enable you to produce certificates and invoices quickly and accurately.
The broking system captures all necessary information allowing you to produce premium and claims bordereaux in the approved Lloyd’s format.
This is a fundamental aspect of the Lloyd’s approval process and will allow you to demonstrate your ability to be fully compliant with their regulations at the outset. If you do not wish to administer this yourself, we can of course input all the information for you and produce all required documentation on your behalf.
For more information about our services or to discuss your specific requirements, please do not hesitate to get in touch with either Martin or Dan for an informal chat.