Lloyd’s Businesses
We support the whole range of regulated businesses operating under the Lloyd’s umbrella.
We support the whole range of regulated businesses operating under the Lloyd’s umbrella, whether you are at the outset of seeking permission to trade within the Lloyd’s marketplace, or a mature business seeking to evolve the permissions you have and the services you offer. With the increasing range of options available to start and grow businesses within the Lloyd’s marketplace, our detailed understanding of the regulatory and compliance implications can help you make the right decisions to achieve your objectives. Our team comprises individuals who have worked within the marketplace and for the Corporation, with experience of helping to drive some of the largest change programmes underway.
Areas we can help include:
- Advice and support preparing and submitting applications to be a Lloyd’s Broker
- Advice and support preparing and submitting applications to be a Lloyd’s coverholder
- Advice and assistance for those setting up a Syndicate-In-A-Box (SIAB) or Syndicate, including reviewing your options and advice on turnkey providers as well as assistance putting turnkey arrangements in place
- Development of regulatory business plans and associated underwriting and claims governance processes
- Development of Governance, Compliance and Risk Frameworks
- Assistance with transforming from turnkey syndicate to Managing Agency
- Novation of syndicates from one managing agency to another
- Support with financing, through the provision of health checks on compliance risk and other aspects of the business to help you secure the financing required.
ICSR offers a broad range of services suitable for businesses operating within the regulated Lloyd’s environment.
Find out more about the range of services we can offer, or get in touch to discuss your specific objectives and requirements.
SERVICES FOR LLOYD’S INSURANCE BUSINESSES
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The Q3 2024 edition of Horizons, our quarterly report for senior leaders across compliance, risk and regulatory roles within insurance firms is now available. Download your copy now.
ICSR – Monte Carlo ‘Rendez-Vous Revisited’
Kenneth Underhill is flying the flag for ICSR at the Rendez-Vous de Septembre (RVS) this year, returning after a successful trip to the principality in 2023. If you are in Monte Carlo and would like to catch up with Kenneth, do get in touch.
Funded Reinsurance – The Board Perspective On The PRA Supervisory Statement
The PRA have set out their expectations on the future use of funded reinsurance in SS5/24 which took effect from 26th July 2024 – and imposes a relatively short Board assessment and PRA reporting deadline of 31st October 2024. Claire King looks at what it means for boards.
Latest Case Studies
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Meet The Senior Team
Meet our senior below team or search our full team and talent pool to find specific people, or people with specific skills.
Kenneth Underhill
Managing Director
Claire King
Risk & Compliance Director
Benoit Steulet
Operations Director
