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 Principal' 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: