Swift and supportive claims service has underpinned Lloyd's reputation in insurance for more than three centuries. The construction consortium operates in line with the standard Lloyd's claims agreements that support consistent, high quality claims service within the syndicated market. Under the Lloyd's Claims Scheme (Combined), the consortium is classed as one entity and the lead syndicate in the consortium on any project will rank as the first Lloyd's claims agreement party. If there are other non-consortium syndicates on the placement they will rank as the second claims agreement party.
If there are
other non-consortium syndicates on the placement they will rank
as the second claims agreement party.
"The consortium offers flexibility, security and
a supportive claims service as well as a broad
set of expertise. The experience contained within
the respective teams brings meaningful benefit
to clients and Lloyd's brokers alike, and
reinforces Lloyd’s prominent position for this class
Head of Construction & Engineering at Sompo Canopius