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this is achieved by lloyd's syndicates delegating their underwriting authority to coverholders.
this is achieved by lloyd's syndicates delegating their underwriting authority to coverholders.

coverholders allow lloyd's syndicates to operate in a region or country as if they were a local insurer.
coverholders allow lloyd's syndicates to operate in a region or country as if they were a local insurer.

====lloyd's coverholder====coverholders are an important source of business for lloyd's.
====lloyd's coverholder====coverholders are an important source of business for lloyd's.

their numbers have increased steadily in recent years, and there are now about 2,500 lloyd's coverholders producing around 30% of lloyd's premium income each year.
their numbers have increased steadily in recent years, and there are now about 2,500 lloyd's coverholders producing around 30% of lloyd's premium income each year.