Glossary
Managing agent
The firm that runs a Lloyd's syndicate and deploys its capacity. What it looks like: the party that grants a binding authority, oversees the coverholders beneath it, and answers to Lloyd's for both.
Related terms
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.