AssuredPartners London

What is a binding authority?

A binding authority or delegated authority contract is simply a set of underwriting guidelines and procedures set by underwriters to allow a Coverholder to operate on behalf of Lloyd’s syndicates.
Think of this as a non-owned branch office of a syndicate.
A binding authority is subject to comprehensive review and due diligence and must be operated within the parameters set by the underwriters.

Have a question?

With a wide range of insurance products get a private consultation today, a member of our team will be happy to help.