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, 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.

Customers are at the heart of our business and should expect the highest standards of products and services from us. Coverys at Lloyd’s strives to meet that expectation by providing each of its customers with products and services that meet their needs. In all our dealings we will be clear, timely, courteous, fair, and transparent. We value expertise, experience, and innovation in our people and that they reflect our core principles of integrity, professionalism, and reliability.

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.
 

Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies.

Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at https://www.lloyds.com/brexit-transfer.

UK General Data Protection Regulation (UK GDPR)

As a company domiciled in the United Kingdom, Coverys Managing Agency Limited (CMA) is bound by the Laws of England and Wales. This regulation applies both to the activities of CMA 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 UK GDPR requires us to publish information about how we handle personal information including special category data (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 CMA and the business traded by Lloyd’s Syndicates 1975 and 1991. 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.

Please click here to access Coverys Managing Agency Limited Cookie Policy.

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. 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. 

Please click here to access our Modern Slavery Statement.

Coverys Managing Agency Limited (“CMA”) is committed to ensuring a diverse workplace and, as an employer, does not discriminate on any grounds. Please click here to find CMA’s Diversity Policy.
 
In accordance with the PRA’s Rulebook (Conditions Governing Business – General Governance Requirements), CMA recognises the expectations of stakeholders and of the provisions set out in statute regarding the need for companies and their boards to promote diversity. CMA is committed to appointing members of the Board on the basis of merit and taking into account appropriate diversity of qualifications, knowledge, specific skills and relevant experience when assessing its composition and balance.
 
The CMA Remuneration and Nomination Committee has responsibility for overseeing Board appointments and for identifying and nominating candidates for appointment to the Board. It shall do so taking into account diversity of skills, experience and knowledge required for the role to meet its strategic objectives and to reflect CMA’s Core Values.

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: One Creechurch Place, London EC3A 5AF