What We Do

Since April 2007, RAM has been transacting group risk business as an approved Lloyd's Coverholder. This means that essentially we are a ‘virtual insurer’ authorised by Lloyd's to underwrite and issue policies in our own name and administer schemes including issuing quotations, premium and commission handling and claims settlement.

Given this, the term 'virtual insurer’ relates to our ability to act just like an insurance company.

We currently hold binding authority agreements with Lloyd’s Syndicates and 100% of all risks are placed into Lloyd's of London. The Lloyd’s Syndicates with whom we have a relationship are of excellent financial standing, recognised as robust and have an outstanding record of claims settlement. Lloyds Financial Rating.

The Corporation of Lloyd’s has existed since 1688 and has been a pioneer in insurance, growing for over 300 years to become the world’s leading market for specialist insurance.