Managing Agent

A managing agent in the context of Lloyd's of London refers to a firm or entity authorized to manage and oversee the underwriting and administrative functions of one or more syndicates within the Lloyd's market. These managing agents act on behalf of the syndicates and are responsible for tasks such as risk assessment, policy underwriting, claims management, and overall operation of the syndicates they represent. Managing agents play a crucial role in the Lloyd's market by ensuring the effective functioning of underwriting activities and adherence to regulatory standards.