Syndicates - Entry to Lloyd's
Asta will partner and guide applicants throughout the Lloyd's New Entrant Assessment process. The key stages are set out below and the process typically extends over a twelve month timeframe.
Due Diligence / Decision Process
Initial enquiry
Provide key aspects of proposition to Lloyd’s.
High level pitch
High level pitch to Lloyd’s including ‘why now?’ and ‘why Lloyd's?’.
Detailed plan presentation (DPP)
Detailed proposal to Lloyd’s New Entrant Assessment Group (NEAG) including business plan.
'In principle' approval
Lloyd’s Executive team and Franchise Board review proposal and agree on what basis it can be approved ‘In principle’.
Implementation
Making it happen
Agree project plan with Lloyd’s and work to complete actions. Lloyd’s provides confirmation of approval to begin trading.
Contact us to find out more about how Asta can help set up your business in Lloyd’s:
Julian Tighe j.tighe@asta-uk.com
Chief Executive Officer
Keith Nevett k.nevett@asta-uk.com
Head of Business Development
