Lloyds of London is one of the world`s best known financial brands and
perhaps the world`s leading insurance company, and Lloyds South Africa is
the local division of this more than 300 year old company. The original company
is known for taking on virtually anything that can be insured, often insuring
items that other companies will not.
The Lloyd's website provides a wealth of information, related to their insurance products and other offerings
It is therefore a specialist risk insurance provider, having begun in the
docks of London in 1688. The company operates in more than 200 countries
worldwide, and Lloyds South Africa is a full subsidiary, with a
full-scale operation in the South African region.
The company has a variety of undertakings in this country, with a focus on
remedial and regulatory roles. It is also tasked by its head office to nurture
relationships with other underwriters and insurance stakeholders in the region.
The South African branch is a complete service provider on behalf of Lloyds
of London. It performs a variety of roles, including client application reviews,
assessing market developments and sorting out customer services issues and
run-off arrangements. It also undertakes an administrative role that embraces
functions like claims processing, and premium and tax collection. It is a fully
compliant branch that co-operates fully with SASRIA - another formal
responsibility. The office in South Africa therefore becomes a channel through
which the Lloyds Corporation makes its services offerings in the South African
Lloyds has always had a reputation for insuring the uninsurable - those
once-off, unusual, complex, and largest risk items that others generally don`t.
This has typically ranged from things like the Football World Cup to Claudia
Schiffer`s legs, to Eric Clapton`s hands. Its underlying expertise is clearly
focused on accurately defining risk and giving customers insurance that is a
individually tailored as one could possibly be.
Lloyd`s products are not directly categorisable, as it covers such a broad
and at the same time idiosyncratic field. It`s products are probably best
defined as anything for anyone, really. It`s about as customised as the
insurance market gets.
BEE AND CSI INFORMATION
Lloyds ensures that it is always compliant with the legal requirements of all
territories in which it operates. South Africa, being no exception, all BEE
compliance is observed.
Lloyds South Africa,
2 Maude Street,
Tel: 011 884 0486
Fax: 011 884 0384