What is a Lloyds registered broker?
A Lloyd’s registered broker is a broker who has applied and been approved by the Broker Relationship Management team having met certain minimum standards set by Lloyd’s and is able to place business directly with any of the Lloyd’s managing agents. This is the predominant route to place business into the market. A non-Lloyd’s registered broker is a broking firm who has been separately assessed against Lloyd’s minimum standards by each managing agent with whom they wish to conduct business.
