Glossary
Coverholder audit
The periodic review a managing agent runs on a coverholder writing on its paper, covering underwriting, systems and controls. What it looks like: a scheduled visit or remote review against the LMA's common audit scope, which, from 2026, includes artificial intelligence risks.
In practice
Braven for capacity providers
How reinsurers, Lloyd's syndicates and carriers use Braven to see oversight, bordereaux and binder adherence as they happen.