Welcome to Taylor Ward
Welcome to Taylor Ward Ltd, a specialist Binding Authority broker based in Ipswich in the UK. With clients located around the world, including the UK and Australia, our focus is on providing a one-to-one service.
Whilst many of our clients are existing Lloyd’s Coverholders, we also welcome those businesses seeking to become Lloyd’s Coverholders, offering guidance through the process. At Taylor Ward Ltd, we are experienced in helping to sponsor licensed firms in becoming accredited Lloyd’s Coverholders.
Taylor Ward Clients
We have clients based in the UK and Australia, but have experience in helping Lloyd’s Coverholders in other territories as well. Coverholders can be based throughout the world, in any of the 100+ countries where Lloyd’s is fully authorised to operate.
At Taylor Ward Ltd, we usually place insurance contracts, but we can also look at reinsurance arrangements where it is appropriate to do so.
Once appointed, we source underwriting capacity in two main ways:
For Coverholders operating as a Managing General Agency (MGA)
For licensed brokers operating a Binding Authority under Lloyd’s Coverholder status.
We are happy to work with clients that are having problems finding capacity, that require additional capacity, where they are looking for a fresh approach, or just wish to expand their product offering and underwrite new classes.
Capacity is predominantly sourced from syndicates operating within Lloyd’s of London, but we also source other underwriting capacity where it makes sense to do so.
The terms of the contract are set out in a Binding Authority Agreement. This is a confidential document individual to each client / Coverholder and referenced with a Unique Market Reference (UMR).
Lloyd’s of London
Lloyd’s is the world’s specialist insurance and reinsurance market.
With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers who cover more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress.
Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.