Lloyd’s Illinois serves as liaison for Lloyd's stakeholders to provide quality service for Lloyd’s extensive Illinois business. As Lloyd's representative in Illinois, we are responsible for:
Countersigning and recording all Lloyd's insuring documents representing Illinois risks
Illinois regulatory compliance and reporting of Lloyd’s business
Registering open market correspondents - generally US based insurance brokers
Advising Lloyd’s on coverholder approval
Filing admitted policy wordings with the Illinois Division of Insurance
Preparing open market Documents of Insurance sponsored by Lloyd’s
Assisting in determining if Lloyd's Illinois business is admitted or surplus lines
Championing Lloyd’s in Illinois
ALL Lloyd's underwriters and syndicates are licensed (admitted) insurers in Illinois and can write all classes except life. Lloyd's underwriters may also write surplus lines business, but in limited circumstances. Illinois is the only US state where Lloyd's has this dual platform.
The dual platform for Lloyd's in Illinois offers a complete solution for covering Illinois risks.
