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What is a Coverholder?

Lloyd’s managing agents such as Kiln can delegate their underwriting authority to another company, which will then be referred to as a coverholder. Coverholders will usually issue insurance documents and may also have authority to handle claims.

The document setting out the terms of the coverholder’s delegated authority is known as a binding authority. Kiln has a team dedicated to managing these binding authority agreements and they can guide applicants through the process of becoming a coverholder.

There is more information about what it means to be a Lloyd’s coverholder, the benefits of becoming one and the type of business you can write on the Lloyd's website.