Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Sep 25, 2020

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Company Details
President: No President Known
Address: 9420 Research Blvd Bldg 3 Suite 400
City: Austin
State: TX
ZIP Code: 78759
Phone Number: (512) 345-9335
Toll Free: No Toll Free Number Known
Year Founded: 1987-08-20
AM Best Rating:
Company Rating 0 (1 review)

Types of Insurance Offered

Underwriters Lloyds Insurance Company Summary

The Lowdown

  • Underwriters at Lloyds of London are part of a syndicate pooling resources to pay claims
  • Lloyds of London is based in the U.K. but has U.S. operations
  • Home insurance from Lloyds of London is available to U.S. customers

If you’re researching Underwriters of Lloyds of London and are confused about the different company names you’ve come across, you are not alone. Lloyds isn’t an insurance company, but an insurance marketplace with syndicates. Lloyds Underwriters refers either to general syndicate members or a branch. That’s why you’ll see Underwriters at Lloyds of London, Underwriters of Lloyd’s of London, Lloyd’s Canada, Lloyd’s Insurance Company, Lloyd’s Insurance Company S.A., and more.

Underwriting members of Lloyd’s of London are organized into syndicates. As a multi-billion dollar company with dozens of syndicates, Lloyds of London offers home insurance policies and other insurance, as well, to protect anything you consider valuable or costly to replace.

To compare affordable Underwriters of Lloyds of London home insurance quotes to others in the industry, use our FREE quote tool to find insurance rates. To learn the Underwriters at Lloyd’s of London phone number, about Underwriters at Lloyd’s of London claims information, and more, keep reading.

Table of Contents

Underwriters at Lloyds Insurance Company Ratings

Since the company has been around in 1987 it has had ups and downs.

Lloyds of London has had some ups and downs in its over 30 years in business. They continue to show great financial strength over the years. Underwriters at Lloyd’s of London A.M. Best insurance rating is (A) Excellent.

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Key Operators at Lloyd’s of London

There are five main groups that make up the Lloyd’s of London marketplace. They are the syndicates, the insurance buyers, the brokers, the managing agents, and the cover holders.

The Syndicates: The syndicates are the key players at Lloyd’s. They are made up of corporations or individuals. The syndicates are basically the insurance companies that offer a specific type of insurance. More than one syndicate can participate in an insurance policy, thereby spreading the risk out among many syndicates.

The Insurance Buyers: These are the individuals or corporations buying the insurance. Many times if a traditional insurance provider does not provide the insurance needed, perhaps for a particularly risky business, individuals can find insurance sellers at Lloyd’s.

The Brokers: the brokers at Lloyd’s act as go-betweens for the insurance buyers and the syndicates. The brokers help facilitate and match the appropriate syndicate to the buyer. Brokers at Lloyds must be approved by the Corporation of Lloyd’s to be allowed to do business in the marketplace.

The Managing Agents: The managing agents work for the syndicates and manage their daily operations. They are responsible for hiring and overseeing all essential staff, such as underwriters and accountants.

The Cover Holders: Cover holders are companies that underwrite the insurance policies for managing agents. These are outside entities that Lloyd’s contracts to do certain business that isn’t done by the brokers. They are given specific authority to transact certain business in the marketplace. Cover holders allow Lloyd’s of London to operate globally without having to set up shop in many locations.

How to Contact Underwriters at Lloyds of London

Contacting Underwriters at Lloyds of London is simple. Certain Underwriters of Lloyds of London locations are overseas, but not all.

To contact the Underwriters at Lloyds of London you can all its US location at 1-866-264-2533 or visit its website at www.lloyds.com. Several Lloyds of London offices are in the United States, with the main headquarters being in New York.

The Lloyds of London address is 42 W 54TH St New YorkNY10019-5405. Underwriters at Lloyds of London insurance phone number (212) 382-4060.

 

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Making a Claims with Underwriters of Lloyds of London

The process of advising underwriters of a loss is long and complicated, but the following is a concise and simplified summary of what occurs:

  • Upon receipt of a claim, the London broker will perform multiple checks, and if all is OK, assign a Unique Claims Reference (UCR) and create an Electronic Claims File (ECF) which, as the name suggests, can be submitted to underwriters electronically.  However, less commonly, a paper claims file can be created, which must be physically presented to underwriters.
  • Underwriters will review the file in either format and add comments or questions as necessary. The London broker will then forward the file to the agent, adjuster, and anyone else, as required.
  • Any subsequent reports are referred to the market in a similar fashion until all coverage questions have been answered and the claim is ready to be resolved.
  • When payment is due to be collected from underwriters, an electronic collection request is made via ECF to the relevant agreement parties.
  • Once all parties have approved the payment collection request, the claim is processed through Lloyd’s central accounting system and the money is deposited into the London broker’s account for subsequent transmission to the insured.

If you need to file a claim, the Lloyds of London claims number is 1-800-749-6419.

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Underwriters of Lloyds of London: The Bottom Line

Hopefully, this article has cleared up the details about Lloyds of London and the work that they do. Even though they originated in London, England they have offices in the United States, so they are here to help you.

Do you want to buy Underwriters of Lloyds of London home insurance? To compare rates from other companies to Underwriters of Lloyds of London home insurance rates, use our FREE quote tool now. 

Frequently Asked Questions: Underwriters at Lloyds of London

These frequently asked questions may help clear up any confusion you may have about the Underwriters of Lloyds of London home insurance company and what they do.

#1 –What is Lloyds of London?

Lloyds of London is a British insurance market where members operate as syndicates to insure and spread out the risks of different businesses, organizations, and individuals. The syndicates are specialized in different types of risks and each syndicate decides which type of risk to insure.

#2 –Does Lloyds of London have flood insurance?

Yes, Lloyds does offer flood insurance but has only been offering it since 2014.

#3 – What is the Underwriters at Lloyd’s of London NAIC number?

Since there are multiple branches to Lloyds, it has multiple NAIC numbers. Visit the NAIC search page to find the one you are seeking.

 

References:

  1. http://www.ambest.com/emea/lloyds.html
  2. https://content.naic.org/cis_consumer_information.htm

 

Underwriters Lloyds Insurance Company Additional Information

Underwriters Lloyds Insurance Company is a company that was incorporated in 1987-08-20. Underwriters Lloyds Insurance Company is a Lloyds insurance company and has assets of $, capital of $, and net surplus of $.

The president of Underwriters Lloyds Insurance Company is , the treasurer is , and the secretary is . Underwriters Lloyds Insurance Company insurance plans include airplane, auto, boat, business, health, and home.

Underwriters Lloyds Insurance Company is located in Austin, TX and the phone number for Underwriters Lloyds Insurance Company claims, customer, service, and additional information is (512) 345-9335.

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