Lloyd’s is an insurance marketplace rather than a single insurance company.

Insurance risks are underwritten by members operating through Lloyd’s syndicates.

Lloyd’s is used for a wide range of insurance, including specialised, complex and difficult-to-place risks.

A Lloyd’s policy can be accessed through arrangements involving Lloyd’s brokers, coverholders or underwriting agencies.

Is Lloyd’s an unauthorised foreign insurer? #

Not simply because it is based overseas.

Lloyd’s underwriters are specifically authorised under the Australian Insurance Act 1973 to write Australian insurance business.

This is different from insurance placed with an unauthorised foreign insurer.

Where Webber Insurance presents Lloyd’s terms, the quotation and policy documentation will identify the underwriting security supporting the cover.

Contact our team if you would like us to explain the insurer or underwriting security shown on a quotation.