All MAs listed below have signed the MUA required to use FCP.
‘FCP Ready’ MAs have confirmed to Vitesse that they:
1. Understand the FCP processes and their teams have completed FCP training
2. Are ready and willing to engage with the market on this new way of working
3. Have provided a FCP contact
‘FCP Live’ MAs have been confirmed by Vitesse to have:
1. Opened at least one funding account and initial monies have been transferred
2. Selected at least one binder
3. Created at least one payment account
4. The Reach Out list was due to be removed at the end of Q2 2024. Following approval to extend which was agreed at the FCP market Steering Group in June, the Reach Out list will now remain in place until the end of September 2025. For ‘FCP LIVE’ MAs that are marked as “Reach Out” the Lead MA must follow the additional steps below:
‘FCP Advanced’ MAs have confirmed to Vitesse that they:
1. Have completed internal assessment of their initial live FCP binder(s)
2. Encourage approaches from all brokers on any in-scope DA Binder (subject to any exemptions listed for specific MA)
3. Any brokers who have difficulty discussing potential FCP binders with MAs listed as “FCP Advanced” can raise a request by contacting the LIMOSS Service Desk
‘Front-End Reconciliation’ ensures that the monthly BDX submitted by the DCA is 100% reconciled to the FCP Payment Account Cashbook. This helps to reduce errors during back-end reconciliation.
The Lead MA is responsible for ensuring their appointed DCA completes this process as detailed in Module 7 of the FCP training material.
To assure Follow MAs that the Lead MA has the appropriate processes to manage the BDX reconciliation, MAs are encouraged to state if they use a 3rd party solution or an internal manual process (E.g. excel spreadsheet) - or both. For further information, please contact FCP.
| Company | FCP Ready | FCP Live | FCP Advanced | Reach Out | Front End Recs |
| AEGIS Managing Agency Limited | Y | Y | Y | Y | Other |
| Allied World Managing Agency Limited | Y | Y | |||
| Antares Managing Agency Limited | Y | Y | |||
| Apollo Syndicate Management Limited | Y | ||||
| Arch Managing Agency Limited | Y | Y | Y | Y | Internal Manual Checks |
| Argenta Syndicate Management Limited | Y | Y | Y | ||
| Ark Syndicate Management Limited | Y | Y | |||
| Ascot Underwriting Limited | Y | Y | Y | Internal Manual Checks | |
| Aspen Managing Agency Limited | Y | Y | Y | ||
| Asta Managing Agency Limited | Y | ||||
| Asta - Beat Syndicate | Y | ||||
| Asta - Carbon | Y | Y | Y | ||
| Asta – Everest Syndicate | |||||
| Asta – MCI SIAB | Y | ||||
| Asta – Mosaic | Y | ||||
| Asta - Greenlight Re Syndicate | Y | Y | |||
| Asta – Parsyl SIAB | |||||
| Asta - Trium | Y | Y | |||
| Asta - Volante | Y | ||||
| Asta - Flux | Y | Y | |||
| Atrium Underwriters Limited | Y | Y | Y | ||
| AXA XL Underwriting Agencies Limited | Y | Y | Y | ||
| Axis Managing Agency Limited | Y | Y | Y | ||
| Beazley Furlonge Limited | Y | Y | Y | Y | Other |
| Blenheim Underwriting Limited | Y | ||||
| Brit Syndicates Limited | Y | Y | Y | Y | 3rd Party Automated Reconciliation Tool |
| Canopius Managing Agents Limited | Y | Y | Y | ||
| Chaucer Underwriting Services Limited | Y | Y | Y | ||
| Chubb | Y | Y | Y | ||
| Cincinnati Global Underwriting Agency Limited | Y | Y | Y | Internal Manual Checks | |
| Dale Managing Agency Limited | Y | Y | |||
| Enstar Managing Agency Limited | Y | ||||
| Faraday Underwriting Limited | Y | Y | Internal Manual Checks | ||
| Hamilton Managing Agency Limited | Y | ||||
| Hardy (Underwriting Agency) Limited (incl. CNA Hardy) | Y | Internal Manual Checks | |||
| Hartford Underwriting Agency Limited | Y | Y | Y | Internal Manual Checks | |
| Hiscox Syndicates Limited | Y | ||||
| Inigo Managing Agent Limited | |||||
| IQUW Syndicate Management Limited | Y | Y | |||
| Lancashire Syndicates Limited | Y | Y | Y | Internal Manual Checks | |
| Liberty Managing Agency Limited | Y | Y | Y | ||
| Markel Syndicate Management Limited | Y | Y | Y | ||
| Managing Agency Partners Limited | Y | Y | |||
| MS Amlin Underwriting Limited | Y | Y | Y | ||
| Munich Re Syndicate Limited | Y | ||||
| Nephila Syndicate Management Limited | Y | ||||
| Newline Underwriting Management Limited | Y | ||||
| Polo Managing Agency Limited | Y | Y | |||
| Premia Managing Agency Limited | Y | Y | |||
| Probitas Managing Agency Limited | Y | Y | Internal Manual Checks | ||
| QBE Underwriting Limited | Y | Y | Y | Internal Manual Checks | |
| R&Q Syndicate Management Limited | Y | Y | |||
| RenaissanceRe Syndicate Management Limited | Y | Y | 3rd Party Automated Reconciliation Tool | ||
| Riverstone Managing Agency Limited | Y | Y | Y | ||
| S.A. Meacock & Company Limited | Y | Y | |||
| SCOR Managing Agency Limited | Y | Y | |||
| Sirius International Managing Agency Limited | Y | ||||
| Starr Managing Agents Limited | Y | Y | |||
| Talbot Underwriting Limited | Y | Y | Internal Manual Checks | ||
| Tokio Marine HCC | Y | Y | Y | ||
| Tokio Marine Kiln Syndicates Limited | Y | Y | Y | Internal Manual Checks | |
| Travelers Syndicate Management Limited | Y | Y | Y | ||
| Westfield Specialty Managing Agency Limited | Y | Y | Y | ||
| W.R. Berkley Syndicate Limited | Y | Y | Y | Y |
This file shows all Lloyd’s Syndicates and their Managing Agent Lloyd's Syndicate list.
FCP scope can be found here LIMOSS | Faster Claims Payment (FCP) and status of each Managing Agent is shown in the above table.
Please contact the Managing Agent or Vitesse directly FCPsupport@vitessepsp.com to check if a specific syndicate is using FCP.
