Lloyd's and London Market fee collection

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Dear Lloyd’s Agent,

We hope you and your colleagues are keeping well.

We are pleased to let you know we have successfully completed a pilot program with Unique Insurance Solutions to help with Lloyd’s Agent survey fee collection from the London and Lloyd’s market. Unique Insurance Solutions is an independent UK based company providing a fee and indemnity collection service for Surveyors, Lawyers, Adjusters and Underwriters.

We have agreed that Unique Insurance Solutions will be the go to company for Lloyd’s Agency network when it comes to the following two scenarios –

  • Lloyd’s Agent is appointed by a London Broker on behalf of a London Underwriter and Broker indicates to the Lloyd’s Agent that the Survey fees are to be collected by Lloyd’s Agent.
  • Lloyd’s Agent is appointment by a London Broker and Underwriter or Broker indicates that the Survey fees are to be collected by Unique Insurance Solutions.

Please follow the below process should you find yourself requiring Unique collection services;

  1. Lloyd’s Agent is instructed by broker/ underwriter.
  2. Whilst the Lloyd’s Agent is conducting the assignment, for the invoicing part, they send the “Market details request” form to the instructing party for their completion.
  3. Once the assignment is complete they send their invoice addressed “Underwriters C/o Unique Insurance Solutions Limited”, together with the Letter of Authority and the Market details form to Unique and they start collection.
  4. Unique will add collection charge to the Lloyd’s Agent’s invoice and present to underwriters for payment.
  5. Once collected, funds are sent direct to Lloyd’s Agent.

Unique Contact is Kevin Dean

Email: kevin.dean@uniqueinsure.co.uk

D: +44 (0) 1245 963762

O: +44 (0) 1245 283578

Please note there is no cost to the Lloyd’s Agent for using this service.

Furthermore, should you experience any issues whilst using the service please feel free to let us know and we will be happy to help.

If you have any questions on the above please feel free to contact us.