Lockton | Binding Authorities & Facilities

Binding Authorities & Facilities

In the UK, Lockton is a specialist in arranging delegated underwriting authorities, (more commonly referred to as Binding Authorities). The Binding Authorities & Facilities team at Lockton handles more than £40 million of premium income to the London Market and is an expert in arranging underwriting transfer mechanisms for local brokers and agents to underwrite on behalf of London insurers in a variety of classes.

Lockton, through its Facilities team, services some of the Lloyd’s Market’s oldest Coverholders, some with more than 60 years standing, as well as a number of newer Underwriting Agencies. The team also has excellent relationships with all the major regulatory regimes necessary to bring new Coverholders to the London Insurance Market.

Lockton handles Binding Authorities in a variety of classes, including:

Extended Warranty
Jewelry & Fine Art
Leisure Activities
Miscellaneous activities
Motor
Professional Indemnity
Property
General Liability

The Facilities team has a wide base of expertise and is perfectly placed to arrange and service the needs of Coverholders wishing to place their business through the London Market.

Lockton Service

The key to our success is working in close partnership with each of our clients. Our specialists take time to listen and to understand your specific goals so that we deliver insurance solutions tailored to your requirements. This approach has earned us the trust of clients all over the world.

The same team that designs, negotiates and implements your business insurance plan with the carrier is also responsible for managing your service needs. This dedicated team approach increases our understanding of your business, allows us to anticipate your needs, and creates accountability and ownership by the team throughout the entire process.

Most insurance brokers promise a high-level of personalized service, but our unique structure allows us to actually deliver on that promise everyday. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.

We firmly believe we get business based on our expertise, creative solutions and outstanding service. Just as importantly, our client retention rate of 95 percent reflects our commitment to each and every client.