What does Lloyds Broker mean? Read on to discover the definition & meaning of the term Lloyds Broker - to help you better understand the language used in insurance policies.
A client representative sanctioned by the Committee at Lloyd's of London to contact underwriters at Lloyd's and negotiate insurance with the underwriters on behalf of the representative's clients. The client is the insured except in the case of U.S. insureds when the client is normally the U.S. broker or agent.
We hope the you have a better understanding of the meaning of Lloyds Broker.