Transaction Prices The variable transaction prices will increase by 3.5%. The 2009 price list is shown in Attachment 1.
|
|
- Lorena McCoy
- 5 years ago
- Views:
Transcription
1 To: Lloyd s Managing Agents Date: 16 January 2009 market communication Reference: 2009/012 Enquiries to: Anthony Croydon, Senior Service Manager Tel: +44 (0) anthony.croydon@xchanging.com RE: INS-SURE SERVICES PRICES FOR 2009 Discussions concerning the price indexation for 2009 have now been concluded with the LMA s Xchanging Review Board (XRB) and Market Processes Committee (MPC). The calculation of the index following an established methodology returned a figure of 4.73%, however in the context of the extraordinary economic conditions facing customers, we have mutually agreed an increase of 3.5%. This represents a positive move in mitigating cost pressures for customers in Transaction Prices The variable transaction prices will increase by 3.5%. The 2009 price list is shown in Attachment 1. Annual Subscription The annual subscription is an important part of the financing of Ins-sure Services and reflects the significant fixed cost base of operating services and infrastructure for the market. The annual subscription for 2009 will be 56,347 ( 53,716 for 2008). The increase in the subscription is calculated by adding 3.5% to the subscription income due for 2008 and dividing by the number of syndicates that will pay the subscription in The increased charge is the result of a decrease in the number of syndicates that are eligible to pay the subscription for Offset The XRB has negotiated with Lloyd s a continuation for a further year of the arrangement to provide funds to offset the annual subscription charge. This is in recognition of Lloyd s receipt of a dividend as a shareholder of Ins-sure Services. The total offset is 843,000 for the year. The offset per syndicate for 2009 will be 11,392 ( 11,240 for 2008) based on the method defined by the LMA whereby each syndicate due to pay a subscription in January of each year shares equally in the aggregate offset. Continued Xchanging Limited Registered Office 34 Leadenhall Street London EC3A 1AX UK Registered in England and Wales No
2 Page 2 Operational Costs for A&S and ECF Insurers Market Repository (IMR) On 1 October 2008 the IMR became subject to a new Services Agreement which gave customers a substantially more robust delivery framework, and also provided the basis to allow a major upgrade to the IMR infrastructure necessary to support the massively increased volumes to be delivered in July The IMR is now integral to the core service being used in 85% of all premium submissions and supporting the majority of all in scope claims, and is accessed by over 5000 users. The surcharges added to USMs and SCMs to cover operational costs incurred by running and use of the IMR remained static in The new Service Agreement introduces a new pricing mechanism from 2009 as stated in Attachment 1. VAT Under current legislation, Ins-sure Services in Attachment 1 are exempt from VAT. Should these services become subject to VAT, VAT will be applied to our invoices for these services. Timing Subscriptions will be collected on 28 January The new transaction prices will be reflected in the February collection for January. Settlement & Trust Fund Operations (STFO) Ins-sure Services collects a proportion of the total operating costs of STFO on behalf of Lloyd s through a surcharge on USM transactions. The surcharge for 2009 will be 0.11 ( ) per transaction. Further information on STFO services can be obtained from Ian Wootten, Manager STFO (Lloyd s ext 2098 or ian.wootten@lloyds.com). Reporting Services Prices for standard and bespoke reporting services provided by Data & Information Services will also increase by 3.5%. Details of the prices for each standard service are shown in Attachment 2. These prices are subject to VAT at the reduced rate of 15%. Commitment to Service Xchanging is committed to providing high-quality services that add value to our customers business. We look forward to the opportunity to continue to provide you with these services in Should you have any enquiries about this or any other aspect of Xchanging s Services, please do not hesitate to contact your Customer Relationship Manager. JULIE LYNCH SERVICE DIRECTOR INSURANCE SECTOR Enc
3 Attaching to Xchanging Market Communication 2009/012 Attachment PRICE TARIFF FOR LLOYD S MANAGING AGENTS Subscription Per Syndicate 56, Discount 1 11, Net Subscription 44, Original Premium Transactions Processing charge per case 2 (shared equally by the number of participating Syndicate signed lines 3 ): Binding Authority FDO All other Original Premium & Treaty FDO Subsequent Transactions Processing charge per case 2 (shared equally by the number of participating Syndicate signed lines 3 ): Additional/Returned Premiums (including Treaty Balances) Non-premium Endorsements: Broker Prepared Policies Ins-sure Services Produced Policies Corrections Policies Processing Charge per Signed Policy, excluding copies (shared equally by the number of participants): Broker Prepared Policies: Full Policy, including Manuscript Wordings Binders and Open Market with first submission pre 1/7/07 and re-submission post 1/7/07 Full Policy Open Market first submission post 1/7/07 (Policy Signing Service PSS) Slip Policy 6 only on risks incepting pre 1/7/ Ins-sure Services Produced Policies: Non-Marine Direct (excluding Binding Authority) Other This discount is only applicable to those syndicates that are due to pay a full subscription in January New syndicates starting during the year pay the full subscription. 2 Case means LPAN and/or Treaty Statement to which Ins-sure Services assigns a unique signing number and date reference and any corrections thereto, where the correction is not the consequence of an Ins-sure Services error. 3 If the same syndicate appears more than once within a case, its share of the transaction charge will be limited to one occurrence. 4 Excluding AP/RP transactions processed via Scheme Canada where no Ins-sure Services case charges shall apply 5 Attributable to underwriters and brokers. Corrections attributable to Ins-sure Services only are not chargeable. 6 Slip policy means that there is no requirement for a full policy document or reinsurance wording to be produced but the content of the slip is sufficiently clear to allow a full policy or wording to be drafted if or when required. This definition excludes fully claused slips signed on a slip policy basis. Page 1 of 2
4 Run-off Surcharge Per USM Syndicate Transaction for electing syndicates 5.63 Direct Settlement Per payment transaction Syndicate Transactions USM: Premiums/claims 1.66 Scheme Canada 1.66 LORS 1.66 SCM: Claims advice 1.51 Claims Review Notification 1.01 CLASS at Lloyd s Per SCM syndicate transaction for active users of the live system STFO Charge (collected on behalf of Lloyd s to recover the costs of Settlement & Trust Fund Operations) Surcharge on each: USM 0.11 Insurers Market Repository Subscription charge per Live Managing Agent 5, Subscription charge per Run-off Managing Agent 2, Annual Customer User Licence + VAT USM 0.89 SCM 1.11 Page 2 of 2
5 Attaching to Xchanging Market Communication 2009/012 Attachment 2 Report Purpose Charges in 2009 Electronic Syndicate Reconciliation US$ business reconciliation for Lloyd s US Reporting Quarterly Reports: 274 p.a. XDH 412 p.a. e mail UK Insurance Premium Tax Reconciling tax payments made to Quarterly Reports: 412 p.a. HM Revenue & Customs by Lloyd s on syndicates behalf VAT on Premium Determining partial exception ratios Quarterly Reports: 274 p.a. Central Accounting Balances Preparing syndicate returns Annual report: Half yearly reports: Quarterly reports: Monthly reports: 206 p.a. 307 p.a. 412 p.a. 685 p.a. Late Premium Settlement Identifying broker performance Monthly Reports: 412 p.a. Legacy Unsigned Policy Report Content Management Service Daily Claim Advices for Syndicates Outstanding Balances by Syndicate Market Quarterly Reporting Service Currency Matching and Localisation Details risks held in system for which a policy has not been signed as at the end of the reporting period Allows Lead u/w to use the legacy unsigned policy report to operate the Content Management Service Identifying claim transactions processed each day Reconciliation of outstanding claims Cash flow and year of account analysis For completion of SR18 Matching and Localisation Net Outstanding Liabilities (including IBNR) form Monthly Reports: Quarterly Reports: Daily reports: 197 per report 197 per report 104 per report 1 per policy successfully changed to new status 0.67 per A4 sheet Monthly, Quarterly or Annual Reports: csv file: 412 per standard report (up to 2 synds) + 67 per additional synd no. csv file: 546 per report incl trust fund (up to 2 synds) + 67 per additional synd no. Quarterly reports: per synd no Annual Report: 685 p.a. Page 1 of 1
Market Reform Contract guidance refers to two types of lineslip: bulking lineslips and non-bulking lineslips.
To: All Broker Contacts All Company Contacts Lloyd s Managing Agents Software Providers Date: 17 May 2016 Reference: 2016/053 Enquiries to: Xchanging Service Desk Tel: 0870 380 0830 or +44 (0)1303 854854
More informationDetailed information relating to the year-end processing arrangements and the availability of on-line systems can be found in the attached document.
To: All Broker Contacts All Company Contacts Lloyd s Managing Agents Non-Lloyd s Brokers Software Providers market communication Date: 19 November 2010 Reference: 2010/182 Enquiries to: Xchanging Service
More informationDEFERRED ACCOUNT SCHEME AVOIDING FUNDING OF INSTALMENTS
To: All Broker Contacts All Company Contacts Lloyd s Managing Agents Software Providers Date: 12 February 2010 market communication Reference: 2010/031 Enquiries to: Xchanging Enquire Team, Chatham Tel:
More informationXCHANGING S NEW TECHNICAL PROCESSING CONTRACT NEW SERVICE DEFINITION ROLES AND RESPONSIBILITIES
To: All Broker Contacts market communication Lloyd s Managing Agents Date: 3 July 2014 Reference: 2014/080 Enquiries to: Nicole Mott, Claims Services Tel: +44 (0)20 3604 5539 Email: nicole.mott@xchanging.com
More informationUpdate on the development and implementation of the AIF Signing Process in respect of Canadian business.
market bulletin Ref: Y4518 Title Purpose Type From Update regarding the clarification of Part XIII of the Canadian Insurance Companies Act Implementation of AIF Signing Process Update on the development
More informationa. in which territory they intend any dispute relating to the contract will be heard; and
Market Bulletin One Lime Street London EC3M 7HA FROM: Head of Business Process Reform LOCATION: 86/441 EXTENSION: 5932 DATE: 8 October 2004 REFERENCE: Y3406 SUBJECT: LMP SLIP SUBJECT AREA(S): Choice of
More informationA Guide for Applicants
A Guide for Applicants Becoming a registered Lloyd s broker This guide is for brokers who wish to become a registered Lloyd s broker in order to deal directly with the Lloyd s market, in London. Lloyd
More informationMid-term Broker Change Best Practice Market guidelines November 2010
Introduction There are occasions when the broker which administers an insurance contract, known as the Broker of Record (BOR), changes during the life of the contract. This Mid-Term Broker Change (MTBC)
More informationBinding Authorities US and non-us Combined ( joint ) certificates issued by coverholders. Rolf Tolle, Director Franchise Performance
market bulletin Ref: Y4133 Title Purpose Type From Binding Authorities US and non-us Combined ( joint ) certificates issued by coverholders To advise managing agents and brokers of new procedures relating
More informationInsurance Services for Lloyd s Asia
< Picture to go here > Insurance Services for Lloyd s Asia Ali Dove, Lloyd s & Greg Carter, Capita ACORD Club 30 th January 2014 Lloyd s 2012 Who is on the Lloyds Asia platform? 18 Service Companies Lloyd
More informationLloyd s Minimum Standards MS2 Underwriting and Controls
Lloyd s Minimum Standards MS2 Underwriting and Controls January 2019 2 Contents MS2: Underwriting and Controls 3 Minimum Standards and Requirements 3 Guidance 3 Definitions 3 MS2: Underwriting and Controls
More informationMarket bulletin. To advise the market that the US Reporting packs are available for completion and to provide the timetable and instructions
Market bulletin Ref: Y4962 Title Purpose Type From US Trading Regulatory Reporting To advise the market that the US Reporting packs are available for completion and to provide the timetable and instructions
More informationLeslie Redmond, Manager, Overseas Reporting, Market Finance Direct Tel No: +44 (0)
Market bulletin Ref: Y4761 Title Purpose Type From US Trading Regulatory Reporting To advise the market that the US Reporting packs are available for completion and to provide a timetable and instructions
More informationCameron Murray, Senior Manager, International Regulatory Affairs /
market bulletin Ref: Y4266 Title Purpose Type From Australia New Wordings To provide the market with: (i) an additional service of suit wording for Australian wholesale open market business (ii) new wordings
More informationLloyd s Japan Japan risks controlled from outside Japan: updated guidance
market bulletin Ref: Y4912 Title Purpose Type From Lloyd s Japan Japan risks controlled from outside Japan: updated guidance To provide details of the improved process for the underwriting on an open market
More informationCLASS: FACILITY TO ALLOW ACCESS TO OUTWARDS REINSURANCE RECORDS FOR BUSINESS HANDLED ON CLASS
caug To: Brokers (via LIIBA) Broker Claims & IT Contacts Company Claims, IT & LPC Contacts Non-Lloyd s Brokers market communication Software Providers Date: 31 March 2009 Reference: 2009/053 Enquiries
More informationRegulatory Bulletin FROM:
Regulatory Bulletin One Lime Street London EC3M 7HA FROM: Head of Market Supervision LOCATION: 86/G5 EXTENSION: 5355 DATE: 26 April 2002 REFERENCE: 015/2002 SUBJECT: US REGULATORY REQUIREMENTS SUBJECT
More informationLloyd s Japan risks controlled from outside Japan
market bulletin Ref: Y4607 Title Purpose Type From Lloyd s Japan risks controlled from outside Japan To provide details of simplified arrangements for the underwriting on an open market basis of Japan
More informationLloyd s Broker Registration
Lloyd s Broker Registration August 2009 2 Contents Contents 2 Foreword 3 PART 1 Executive summary 4 PART 2 The registration process 7 How do we become a registered Lloyd s broker? PART 3 The requirements
More informationGuide for coverholders
Writing risks with Lloyd s Brussels Coverholders are Lloyd s trusted distribution partners and an integral part of our business strategy. Since the outcome of the UK Brexit referendum, Lloyd s has been
More informationLLOYD S BROKER REGISTRATION
LLOYD S BROKER REGISTRATION A GUIDE FOR APPLICANTS Foreword 3 1 Executive summary 4 2 The registration process 6 How do we become a registered Lloyd s broker? 3 The requirements 10 for registration What
More informationPROPERTY & PLANT TESTING & COMMISSIONING CLAUSE & QUESTIONNAIRE LMA5197
PROPERTY & PLANT TESTING & COMMISSIONING CLAUSE & QUESTIONNAIRE LMA5197 LMA Market Briefing Old Library, Lloyd s 8 March 2013 www.lmalloyds.com Introduction Introduction Ron Jarvis, Swiss Re Lloyd s Market
More informationWHEN COMPLETING THIS PROPOSAL FORM:
WHEN COMPLETING THIS PROPOSAL FORM: Please answer all questions giving full and complete answers. It is the duty of the Proposer to provide all information that is requested in the Proposal Form and any
More informationRenaissanceRe. Casualty Insurance
Syndicate 1458 Casualty Insurance Syndicate 1458 Casualty Insurance is a leading global provider of property catastrophe and specialty reinsurance, as well as other insurance coverages. Founded in Bermuda
More informationElectronic Claims File
Electronic Claims File Lloyd s Systems Processes & Procedures Version: 7.0 Page 1 of 72 PREFACE... 6 1. DOCUMENT CONTROL... 8 1.1 ECF Scope... 9 1.2 Business or Claim Types that ECF has Never Been Required
More informationSenior Manager, US, Worldwide Markets LOCATION: G12 EXTENSION: 5131 DATE: 18 th January 2002 REFERENCE: Y2700 SUBJECT:
Market Bulletin One Lime Street London EC3M 7HA FROM: Senior Manager, US, Worldwide Markets LOCATION: G12 EXTENSION: 5131 DATE: 18 th January 2002 REFERENCE: Y2700 SUBJECT: ILLINOIS: TERRORISM EXCLUSIONS
More informationInsurance Brokers Professional Liability Insurance Proposal
Insurance Brokers Professional Liability Insurance Proposal AIG UK Limited 1. Proposer Details 1. (a) Name of Firm(s) (b) Principal address, including post code Tel No. Fax No. Web-site address 2. (a)
More informationProject Genesis Data Capture Service. Benefits Statement
Project Genesis Data Capture Service Benefits Statement v0.6, September 2014 1. Introduction The Genesis Data Capture Service (DCS) introduces benefits to insurers through the sharing of costs associated
More informationHistorical Background
Historical Background Underwriters owning Brokers Brokers owning Underwriters Divestment following Henry Fisher report Sasse Overwriting income Service Companies Tribunalisation CSP Group CSP Lloyd s s
More informationCENTRAL SETTLEMENT NUMBERS
CENTRAL SETTLEMENT NUMBERS PROCEDURE FOR ALLOCATING CENTRAL SETTLEMENT NUMBERS Introduction This document explains how to apply for a Central Settlement Number ( CSN ), which enables an entity to transact
More informationGeneral Manager, LPSO LOCATION: L4/CH EXTENSION: 2113 DATE: 5 August 1999 REFERENCE: LPSO/MGC/mtt/Y2109 SUBJECT: FROM:
FROM: General Manager, LPSO LOCATION: L4/CH EXTENSION: 2113 DATE: 5 August 1999 REFERENCE: LPSO/MGC/mtt/Y2109 SUBJECT: DE-LINKING THE CLOSING PROCESS SUBJECT AREA(S): ATTACHMENTS: Standardising business
More informationProspectus Liability Insurance
Schedule Policy No: Issuing Company: Address: Period of Insurance: From: To: (both dates inclusive) Limit of Indemnity: Retentions for Insurance Clause: 1 a) 1 b) 1 c) 1 d) Premium: Underwriting Agreement:
More informationEXPLANATORY NOTE NEW MODEL NON RISK TRANSFER TOBA RISK TRANSFER TOBA ENDORSEMENT TO LLOYD S MANAGING AGENTS AND LONDON MARKET INSURERS AND BROKERS
EXPLANATORY NOTE NEW MODEL NON RISK TRANSFER TOBA RISK TRANSFER TOBA ENDORSEMENT TO LLOYD S MANAGING AGENTS AND LONDON MARKET INSURERS AND BROKERS MODEL DOCUMENTS AND LINKS The LMA, IUA and LIIBA have
More informationSanctions due diligence guidance for the lloyd s market
Sanctions due diligence guidance for the lloyd s market 6 february 2012 Part 3 only of 4 part document - 29 - - SANCTIONS DUE DILIGENCE GUIDANCE FOR THE LLOYD S MARKET THIS GUIDANCE IS NOT PRESCRIPTIVE.
More informationCanadian Brokers, Policyholders and Cedants
Canadian bulletin Date 2011-01-27 Recipient Reference Subject Canadian Brokers, Policyholders and Cedants AD-11-002 LLOYD S BUSINESS IN CANADA Attachments OSFI RULING We wish to notify you of a future
More informationLloyd's Brussels subsidiary: Market Toolkit V1.0. Lloyd's
Lloyd's Brussels subsidiary: Market Toolkit V1.0 Lloyd's Brexit Toolkit Table of contents Section Chapter Content overview Page Introduction Operational impact assessment Executive summary 3 Introduction
More informationmarket bulletin Ref: Y4253 Lloyd s Asia and other Overseas Territories: Important Information Regarding Placement & Claims Handling
market bulletin Ref: Y4253 Title Purpose Type From Lloyd s Asia and other Overseas Territories: Important Information Regarding Placement & Claims Handling To provide managing agents with additional guidance
More informationLloyd s Direct Reporting Data Field Requirements v2.0
Lloyd s Direct Reporting Data Field Requirements v2.0 Version Control Version Date Author Comments 1.0 Jun 2013 Jessica Owen Finalised Data Requirements 1.1 Jun 2013 Jessica Owen Description and example
More informationR&Q Commercial Risk Services Limited Contractors All Risks and Liability Combined Insurance Summary of Cover
R&Q Commercial Risk Services Limited Contractors All Risks and Liability Combined Insurance Summary of Cover July 2016 Edition Contractors All Risks and Liability Combined Liability Insurance Policy Overview
More informationLeaders, Followers & Agreement Parties: Rights, obligations and problems under the Subscription Agreement. Andrew Schütte, Partner Hill Dickinson LLP
Leaders, Followers & Agreement Parties: Rights, obligations and problems under the Subscription Agreement Andrew Schütte, Partner Hill Dickinson LLP LMA Academy Disclaimer Whilst we endeavour to ensure
More informationRolf Tolle, Franchise Performance Director LOCATION: 86/G5 EXTENSION: 5716/6518 DATE: 8 October 2004 REFERENCE: Y3403 SUBJECT:
Market Bulletin One Lime Street London EC3M 7HA FROM: Rolf Tolle, Franchise Performance Director LOCATION: 86/G5 EXTENSION: 5716/6518 DATE: 8 October 2004 REFERENCE: Y3403 SUBJECT: QUALIFYING QUOTA SHARE
More informationTo update Lloyd s Coverholder Reporting Standards
Market Bulletin Ref: Y5199 Title Lloyd s Coverholder Reporting Standards Version 5.1 Purpose To update Lloyd s Coverholder Reporting Standards Type Scheduled From Paul Brady, Head of Policyholder and Third
More information2019 Members subscriptions, Central Fund contributions and other market charges. Notification of contributions, subscriptions and payment dates
Market Bulletin Ref: Y5210 Title 2019 Members subscriptions, Central Fund contributions and other market charges Purpose Notification of contributions, subscriptions and payment dates Type Scheduled From
More informationProject Genesis Data Capture Service. Customer Requirements
Project Genesis Data Capture Service Customer Requirements v1.7, January 2014 Change History Version Date Description 1.7 Jan 2014 Second published version to clarify BIPAR requirement, change service
More informationLloyd s Underwriting Management Standards: Pre-Bind Quality Assurance (PBQA)
market bulletin Ref: Y4015 Title Purpose Type From Lloyd s Underwriting Management Standards: Pre-Bind Quality Assurance (PBQA) To confirm expectations regarding Managing Agents procedures for Pre- Bind
More informationLLOYD S MINIMUM STANDARDS
LLOYD S MINIMUM STANDARDS Ms1.7 UNDERWRITING DATA QUALITY October 2017 1 Ms1.7 UNDERWRITING DATA QUALITY UNDERWRITING MANAGEMENT PRINCIPLES, MINIMUM STANDARDS AND REQUIREMENTS These are statements of business
More informationLloyd s and the Subscription Market
STAGE 1 - INTRODUCTION Lloyd s and the Subscription Market Hello and welcome to this i-tutorial on Lloyd s and the subscription market. We ll look at the structure and makeup of Lloyd s and how its market
More informationFeedback requested from Lloyd s brokers and managing agents
market bulletin From Sean McGovern, Director and General Counsel (extn 6142) Date 22 January 2007 Reference Subject Subject areas Attachments Action points Y3958 Streamlining Lloyd s broker registration
More informationTax Fee Protection Insurance Policy. Regulated Version. Arranged by: Qdos Broker & Underwriting Services Limited
Policy Regulated Version Arranged by: Qdos Broker & Underwriting Services Limited Underwritten by: HCC International Insurance Co PLC Page 1 of 11 UK HCC TFP Reg 0117 Tax Fee Protection Insurance Policy
More information2 Use of the new risk codes on business providing TRIA coverage. 2.1 The 12 new terrorism risk codes are mandatory for use on:
Market Bulletin One Lime Street London EC3M 7HA FROM: Director, Worldwide Markets LOCATION: G12 EXTENSION: 5998 DATE: 17 th March 2003 REFERENCE: Y3014 SUBJECT: TERRORISM INSURANCE FURTHER GUIDANCE ON
More informationNon-Marine. Binding Authority Agreement
Non-Marine Binding Authority Agreement (Excluding U.S.A. & Canada domiciled coverholders) LMA3019 (Broker) (20/07/2006) Form approved by Lloyd s Market Association Page 1 of 15 Table of Contents Title
More informationCODE OF PRACTICE FOR DELIVERY OF AN OIL, GAS & PETROCHEMICAL RISK ENGINEERING SURVEY PROGRAMME
CODE OF PRACTICE FOR DELIVERY OF AN OIL, GAS & PETROCHEMICAL RISK ENGINEERING SURVEY PROGRAMME OG&P COPRES 2018/001 1 ACKNOWLEDGEMENTS: This document was originally developed and subsequently revised by
More informationTRADE CREDIT INSURANCE
QBE EUROPEAN OPERATIONS TRADE CREDIT INSURANCE Proposal Form Please read the following information carefully This document sets out the important information that you, or your insurance advisor on your
More informationLloyd s Broker Accreditation
Lloyd s Broker Accreditation Broker Required Documentation - Xchanging Contains details of the Broker Procedure Manual and Test Scenario examples Prepared by: Vicky Hopkin Date: July 2005 Email: vicky.hopkin@xchanging.com
More informationApproval of Binding Authority Agreements by Lloyd s South Africa
market bulletin Ref: Y4716 Title Purpose Type From Approval of Binding Authority Agreements by Lloyd s South Africa In order to comply with strict South African regulatory requirements relating to binder
More informationManager, Worldwide Markets (Compliance) LOCATION: 86/GY12 EXTENSION: 5131 DATE: 21 st February 2002 REFERENCE: Y2728 SUBJECT:
Market Bulletin One Lime Street London EC3M 7HA FROM: Manager, Worldwide Markets (Compliance) LOCATION: 86/GY12 EXTENSION: 5131 DATE: 21 st February 2002 REFERENCE: Y2728 SUBJECT: AUSTRALIA: NEW ALTERNATIVE
More informationPrinciples & guidance
Principles & guidance June 2007 Page Principles 1 Guidance A When entering into the contract 2 B After entering into the contract 3 C Demonstration of performance 4 D In respect of contract changes 5 Contract
More informationCoverholder reporting standards. A user guide Version 2 19 th September
Coverholder reporting standards A user guide Version 2 19 th September 2011 www.lloyds.com/coverholderreportingstandards Key Contact Sarah Thacker Market Development Telephone: 020 7327 6616 sarah.thacker@lloyds.com
More informationLoss of Licence Personal Accident and Illness Policy Summary
AmTrust Underwriting Limited 1 Great Tower Street London EC3R 5AA tel: 0203 003 6969 fax: 0203 003 6997 email: aul@amtrustgroup.com Personal Accident and Illness Policy Summary Underwritten by AmTrust
More informationEDI manual introduction LORS EDI INFORMATION MANUAL. Amended section only
EDI manual introduction LORS EDI INFORMATION MANUAL Amended section only 2.9.5 REINSURING MARKET DETAILS The advice of Reinsuring Market details, by a Broker, is mandatory for all USD Premium Debit and
More informationCredit Procedures Questionnaire
Credit Procedures Questionnaire Important Notice 1. This is a proposal for a contract of insurance, in which Proposer or you/your means the individual, company, partnership, limited liability partnership,
More informationSIGNING THIS PROPOSAL FORM DOES NOT BIND THE PROPOSER OR THE INSURER TO COMPLETE THIS INSURANCE
Your DUAL Professional Insurance Certificate is issued on a CLAIMS MADE basis. WHEN COMPLETING THIS PROPOSAL FORM: Please answer all questions giving full and complete answers. It is the duty of the Proposer
More informationMGF8 Professional Client Form
MGF8 Professional Client Form IMPORTANT NOTE: You must detach this letter from the application form, sign it and enclose it with your application. MGF8 Professional Client Election Confirmation Letter
More informationCasualty/Liabilities
Casualty/Liabilities ABOUT US Apollo Syndicate 1969 commenced trading in January 2010. The primary aim is to build a first class privately owned underwriting platform operating at Lloyd s. Highly respected
More informationMembership Application & Renewals Documentation / Education and events / Guidelines and best practice / Regulation and lobbying
Membership Application & Renewals 2017 Documentation / Education and events / Guidelines and best practice / Regulation and lobbying The LMA Mission Member Benefits The Loan Market Association (LMA) has
More informationMike Phillips David Carra Dan Keehan Michael Sparkes MS Amlin
Real Estate A global leader MS Amlin is a leading insurer and reinsurer, and part of the global top-10 insurance group MS&AD. With a 300-year record and more than 2,400 people in 26 locations worldwide,
More informationProfessional Indemnity Insurance for Accountants
POLICY SUMMARY Please read carefully and retain Professional Indemnity Insurance for Accountants Intasure Professional Indemnity Insurance for Accountants Policy Summary WHAT IS A POLICY SUMMARY? This
More informationCatering Trailer Comparison Document
Catering Trailer Comparison Document Policy Wording Section/Title Previous Version New Version (Policy Wording) Policy Title Catering Trailer Certificate Wording Catering Trailer Policy Wording Throughout
More informationRenaissanceRe. Casualty Treaty
Syndicate 1458 Casualty Treaty Syndicate 1458 Casualty Treaty operates at Lloyd s of London through Syndicate 1458, which was established in 2009. is a leading global provider of property catastrophe and
More informatione-placement in 2009: An Update Watertrace Review Results and Implementation
e-placement in 2009: An Update Watertrace Review Results and Implementation 28 May 2008 10/11/2010 10/11/2010 1 Agenda 2008 Study 2009 Comparison: Study Logistics and Demographics Findings and conclusions
More informationInsurance. Real Estate. Real Estate 1
Insurance Real Estate Real Estate 1 MS Amlin is a leading insurer and reinsurer, and part of the global top-10 insurance group MS&AD. With a 100-year record and more than 2,000 people in 26 locations worldwide,
More informationCasualty/Liabilities
Casualty/Liabilities APOLLO SYNDICATE 1969 COMMENCED TRADING IN JANUARY 2010. THE PRIMARY AIM IS TO BUILD A FIRST CLASS PRIVATELY OWNED UNDERWRITING PLATFORM OPERATING AT LLOYD S. Highly respected global
More informationCAP EUROPE POLICY Subject to the above restrictions, you may apply for an Additional Limit in any amount.
CAP EUROPE POLICY Capitalised words and phrases are defined in clause 14. 1. Insuring Clause We your CAP Insurer have issued this CAP Europe Policy to you the Insured, to record the terms and conditions
More informationLloyd s Accident (UK) MAC_UK_EN_V2.3 1
Lloyd s Accident (UK) MAC_UK_EN_V2.3 1 K (UK) (2015) (For use on Consumer Insurance Contracts) LMA3132 14 July 2015 [AMENDED] The insurance contract In return for payment of the premium shown in the schedule,
More informationInternational Property Treaty
HOUNDSDITCH BANK THREADNEEDLE ST OLD BROA D S T REE T THREADNEEDLE ST B I S S H O P G A T E C O R N H I L L L E A D E N H A L L CAMOMILE STREET ST, MARY AXE S T R E E T LOMBARD ST KING WILLIAM ST CANNON
More informationPeer & Independent review Feedback and additional guidance paper august 2009
Peer & Independent review Feedback and additional guidance paper august 2009 2 Disclaimer This paper is intended to provide up to date feedback and additional guidance to that contained within Lloyd s
More informationAviation Products Liability Insurance
Aviation Products Liability Insurance It is your duty to make a fair presentation of the risk and to disclose all material circumstances. Before completing this risk questionnaire, please read the section
More informationDive Master Insurance Consultants Limited
Dive Master Insurance Consultants Limited TERMS OF BUSINESS AGREEMENT Dive Master Insurance Consultants Limited Client TOBA 01.05.17 Dive Master Insurance Consultants Limited 17-23 Rectory Grove, Leigh-on-Sea,
More informationAspen Insurance Holdings Limited. Financial Statements for the period 23 May 2002 to 31 December 2002
Financial Statements for the period 23 May 2002 to 31 December 2002 CONTENTS Page Group Overview 3 Operational Review 4 Consolidated Statement of Operations 8 Consolidated Balance Sheet 9 Consolidated
More informationDelegated Authority Operations Committee
Process Vision and Operating Plan August 2014 v2.0 Process Vision and Operating Plan Managing Agents have between them over 7,500 binding authority contracts with over 3,000 Coverholders representing some
More informationUIBL. United Insurance Brokers Ltd. Client Service Charter
United Insurance Brokers Ltd Client Service Charter We understand that, while the nature of every business sector is different and demanding, delivering quality products and services is fundamental to
More informationDirectors and Officers Liability and Company Reimbursement Insurance Proposal Form
Directors and Officers Liability and Company Reimbursement Insurance Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation
More informationExcess of Loss Policy Wording LMW201403
Equinox Global Limited is registered in England & Wales, registration number: 7067241. Registered office: 20-22 Bedford Row, London WC1R 4JS. Equinox Global Limited is authorised and regulated by the Financial
More informationPlease copy this letter and its attachments to those within your organisation who are responsible for reviewing and completing the US packs.
Market Bulletin One Lime Street London EC3M 7HA FROM: Manager, Overseas Reporting LOCATION: MR/86/G5 EXTENSION: 5490 DATE: 11 April 2003 REFERENCE: Y3035 SUBJECT: US TRADING REGULATORY REPORTING SUBJECT
More informationBUSINESS PROTOCOLS JLT SPECIALTY LIMITED. September 2017
BUSINESS PROTOCOLS JLT SPECIALTY LIMITED September 2017 SEPTEMBER 2017 TABLE OF CONTENTS 1 INTRODUCTION & SCOPE 3 2 MANAGEMENT AND SERVICE STANDARDS 5 3 PLACING SERVICES 6 4 DUTY OF DISCLOSURE 9 5 SELECTION
More informationPIONEER PREFERRED PARTNERS
PIONEER PREFERRED PARTNERS Our approach Our approach to underwriting is disciplined, experienced and enthusiastic. Pioneer CAT supplies underwriting, portfolio management and distribution expertise to
More informationLloyd s Direct Reporting
Lloyd s Direct Reporting Data Field Requirements v1.4 Version Control Version Date Author Comments 1.0 03/06/2013 Jessica Owen Finalised Data Requirements 1.1 25/06/2013 Jessica Owen Description and example
More informationLoss of Training Expenses
AmTrust Underwriting Limited 1 Great Tower Street London EC3R 5AA tel: 0203 003 6969 fax: 0203 003 6997 email: aul@amtrustgroup.com Loss of Training Expenses Personal Accident and Illness Policy Summary
More informationSYNDICATE Report and Financial Statements 31 December Underwriting at Lloyd s MAP
! " # $ % $ & # & ' ( " ) * & # ' & " # + # + # $ ' #, % $ & # -! ( # ' # " # # + # ( +! # & + # # ' ( % $ & # ). + #! # # & & / ( + 0 " ' - " # $ ' & ( " / ( + 0 # # " 1 + # % 2 + ( # " 3 4 ) 5 & 6 7
More informationTRADE CREDIT TENANT DEFAULT INSURANCE
QBE EUROPEAN OPERATIONS TRADE CREDIT TENANT DEFAULT INSURANCE Proposal Form Please read the following information carefully This document sets out the important information that you, or your insurance
More informationUnderwriting empowerment and flexibility, focussing largely on Catastrophe exposures. Our willingness to look at new opportunities.
Property Binders Why MS Amlin? 01 02 03 04 05 A first class client experience delivered by people who understand your needs. Service. A rapid and pragmatic approach to all aspects of underwriting. Underwriting
More informationHOME EXCESS PROTECTION INSURANCE INSURANCE POLICY WORDING
HOME EXCESS PROTECTION INSURANCE INSURANCE POLICY WORDING Bettersafe Products Ltd 17 Teddington Business Park Station Road Teddington TW11 9BQ Telephone: +44 (0) 20 3740 4431 Email: enquiries@bettersafe.com
More informationTerms of Business Agreement
1. Introduction Gemini Insurance Brokers (HK) Limited is a privately owned Insurance and Reinsurance Broker incorporated in Hong Kong. This document sets out the terms upon which Gemini Insurance Brokers
More informationChubb Global Markets. Our portfolio
Chubb Global Markets Our portfolio Summary of the different lines available Accident and health 7 Environmental risk 17 Aviation 9 Financial institutions 19 Cyber risk 11 International casualty 21 Credit
More informationSSAS Schedule of Fees
SSAS Schedule of Fees VAT is charged in addition to all fees at the prevailing rate. This document, together with the Scheme Application, and the governing Trust Deed and Rules forms a legally binding
More informationArgentina: Appointment of Collection Agents
market bulletin Ref: Y4952 Title Purpose From Argentina: Appointment of Collection Agents To provide the Lloyd s Market with guidance on compliance with the requirement to appoint a Collection Agent (SSN
More informationTHB NORTH AMERICA Open Market.
THB NORTH AMERICA Open Market www.thbgroup.com THB NORTH AMERICA Open Market The specialist broking partner Creative solutions for high exposures or specialty risks Our service THB North America works
More informationProject Genesis Data Capture Service. Pilot Evaluation Report
Project Genesis Data Capture Service Pilot Evaluation Report V1.0, September 2014 Contents 1. Executive Summary... 3 2. Introduction... 4 3. Pilot Purpose, Scope and Operation... 5 3.1. Purpose... 5 3.2.
More informationCATEX Platform Overview
CATEX Platform Overview WWW.CATEX.COM The CATEX Pivot Point System and Data Vera...continuing our 21st year of service to the risk and reinsurance industry. Pivot Point for Reinsurance Brokers Pivot Point
More informationReinsurance Broker Request for Proposals I. INTRODUCTION
Reinsurance Broker Request for Proposals I. INTRODUCTION A. BACKGROUND The Special Districts Association of Oregon (SDAO) is a non-profit association of nearly 950 special district units of local governments
More information