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Broker, Underwriting & Financial Services

Streamline your business processes

Managing an underwriting or broking business in the Lloyd’s and London Market involves detailed and technically complex financial accounting, reporting and oversight functions. Our outsourced suite of broking, underwriting and financial services lets businesses delegate these services to our experts – giving them the freedom to focus on client service and business growth.

In a fast moving world we know that to be successful, brokers and underwriters need to understand their clients’ needs, know their markets in detail and keep up to date with trends and developments. Our services are designed to complement that expertise. For over 30 years we have been delivering expert financial accounting, bookkeeping, regulatory reporting, coverholder management, bordereaux, credit control, audit and contract management services to leading businesses in the Lloyd’s and London Market.

How it works

Lloyd’s Managing Agent’s Service Company (Settled Direct)

  • Full credit control reconciliation process including debit note production
  • Creation of LPANs, LCCFs and bordereaux submissions, and handling of queries via London Market Central Repositories and Accounting Systems
  • Historical data reconciliation (Cash and signings matching)

Bespoke Accounting Solutions and Services

  • Back office investment accounting

Coverholder/Bordereaux Management

  • Data cleansing
  • Proactive pursuit of bordereaux
  • Compliance, validation and trend analysis
  • Coverholder and TPA audits
  • Binder Reconciliation
  • Xchanging signing investigations

Message Processing

  • Bureau transactions into client’s systems including USMs, SCMs and Premium schedules
  • Transaction errors
  • Endorsement requests

Contract Certainty

  • Pre inception
  • Post placement
  • Endorsements

Fiduciary Accounting and Credit Control

  • Cashier, treasury functions and bookkeeping
  • Proactive debt recovery
  • Terms of Trade - all breaches identified and reported
  • Collection of membership and association subscriptions and any other fees 

Key Contacts

Gary Bullock
Head of Broker and Underwriting Services

Tel +44 20 7767 2793
Email gary.bullock@ctplc.com

James Savill
Business Development Director

Tel +44 20 7767 2939
Email james.savill@ctplc.com

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