A coverholder is a third-party, such as a broker or managing general agent, that has been given delegated authority to underwrite insurance business on behalf of an insurance company. 

A Lloyd’s coverholder is authorized by a managing agent to effect policies on behalf of that managing agent’s Lloyd’s syndicate. The Lloyd’s coverholder acts as an agent for the managing agent’s syndicate in accordance with their binding authority agreement.

Access Lloyd’s market directory to see a current list of Lloyd’s coverholders.