The Central Fund is available at the discretion of the Council of Lloyd’s to meet any valid claim that cannot be met by the resources of a Lloyd’s syndicate.
As all Lloyd’s policies are ultimately backed by this common security, a single market financial rating can be applied to all syndicates – which includes Probitas 1492.
As a Lloyd’s syndicate, our customers benefit from the Lloyd’s financial strength and Chain of Security.
This means our Financial Rating is:
Lloyd’s unique capital structure provides excellent financial security to policyholders. As part of this, there are three links in the Chain of Security.
Lloyd’s, often referred to as Lloyd’s of London, is the world’s specialist insurance and reinsurance market.
Bringing together an outstanding concentration of underwriting expertise and talent. It is often the first to insure emerging, unusual and complex risks.
Syndicates underwrite insurance at Lloyd’s, covering all classes of business. Together they interact with thousands of brokers daily to create insurance solutions for businesses in over 200 countries and territories around the world.
Lloyd’s insures the majority of the FTSE 100 and Dow Jones industrial average companies.
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29 Nov 2018