Underwriters at Lloyd's London
Historically, Lloyd's was able to write insurance in Illinois on both a licensed basis and a surplus line basis. However, they have announced that they will be relinquishing their Illinois license effective
July 1, 2021.
Before July 1, 2021, Lloyd's Illinois office offered guidance on licensed Lloyd's issues and filed policy forms and rates, on behalf of Lloyd's Underwriters, with the Illinois Department of Insurance. Provided the surplus line producer performed the necessary diligent effort to procure coverage from licensed insurers, underwriters could also write business on a surplus lines basis. As of July 1, 2021, however, Lloyd's will only write on a surplus line basis in Illinois.
For more information, you can review general information about Lloyd's in Illinois and the Central Region on the Lloyd's website, which also has some contact information. You may also want to visit the Association of Lloyd's Brokers website.
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