Heritage Insurance has gained Lloyd's registered broker status.
Having this status allows Heritage Insurance Solutions, the Financial Conduct Authority-regulated arm of the Guernsey-headquartered Heritage Group, to place business directly with Lloyd's underwriters.
Lloyd's is the global centre for specialist insurance and reinsurance and an international broker market, where underwriters come together as syndicates to insure risks.
Heritage Insurance Solutions managing director Karl Bradley said that becoming a Lloyd's registered broker was a significant boost to the firm's global insurance offering.
"Lloyd's is recognised as the leading market for both UK-based and international insurance risks. With our expertise and enhanced ability to provide a range of insurance for our clients we are excited about the new opportunities that our direct access to Lloyd's underwriters brings."
Bradley added that gaining Lloyds's registered broker status has been part of a longer term strategic aim of developing the insurance intermediary client offering within the Heritage Group.
"Financial risks clients in particular, in both the UK and offshore jurisdictions, will see immediate benefits from this development both in terms of a wider market offering and a closer Lloyd's market working relationship," he said.
