Financial Security

The Lloyd's capital structure, often referred to as the 'chain of security', provides excellent financial security to policyholders. Lloyd's is responsible for setting both member and central capital requirements to achieve a level of overall capitalisation that is robust. There are three 'links' in the chain: the funds in the first and second links are several assets held in trust, primarily for the benefit of policyholders whose contracts are underwritten by the relevant member. Members underwrite for their own account and are not liable for other member's losses. The third link contains mutual assets held by the Corporation which are, subject to the approval of the Council, available to meet the insurance liabilities of any member.

All Lloyd's syndicates benefit from Lloyd's central resources, including the Lloyd's brand, its network of global licences and the Central Fund. The Central Fund is available at the discretion of the Council of Lloyd's to meet any valid claim that cannot be met by the resources of any member. As all Lloyd's policies are ultimately backed by this common security, a single market rating can be applied.

The syndicate’s underwriting activities are 100% subscribed by capital from W. R. Berkley Corporation, through its Corporate Member at Lloyd’s.

Financial details of the W. R. Berkley Corporation can be found at www.wrberkley.com