contents

Contacts ................................................................................2
Introduction (Non-CMR)........................................................3
Broker Remuneration Returns ...............................................4
Delegated Authority Data.......................................................5
Agent Expense Return...........................................................6
Claims Outsourcing Arrangements List .................................7
Third Party Administrators Register .......................................8
Lloyd’s Catastrophe Model – Data .........................................9
Lloyd’s Catastrophe Model – Forecast Factors ................... 10
Lloyd’s Catastrophe Model– Summary Stats ....................... 11
Realistic Disaster Scenario – Supplementary Information ...13
Direct Reporting (LDR) – on elective basis..........................15
Non-XIS Return ...................................................................16
Australian Terrorism Reporting............................................18
Canadian Regulatory Reporting Return...............................19
France – Reporting of Medical Legal Liability Business ......20
GAREAT Large Risk Pool....................................................21
GAREAT Small and Medium-Sized Risk Pool .....................22
France – Reporting of Trade Credit Business......................23
Ireland – Audited Gross Written Motor Premiums ...............24
Non-XIS Overseas Business Return (Australia, Canada andSouth Africa)........................................................................25
Singapore Risk Registration ................................................26
US Regulatory Reporting Return .........................................27
Federal Excise Tax ..............................................................29
Singapore Tax Return..........................................................30
US Qualified Intermediary Arrangements ............................31
Model Change Submissions ................................................32

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1

CONTACTS
Each return is clustered for its appropriate aim and has its
own e-mail address. A query on a return will be answered
more quickly if it is sent to the relevant address for that return
General Returns:
Broker Remuneration Returns:
Delegated Authority Data:
Agent Expense:

distributioncosts@lloyds.com
Coverholders@lloyds.com
Distribution@lloyds.com

Claims Outsourcing Arrangements List:

Claims@lloyds.com

Third Party Administrators Register:

Claims@lloyds.com

Lloyd’s Catastrophe Model (LCM) – Data:

LloydsExpMgmt@lloyds.com

Lloyd’s Catastrophe Model (LCM) – Forecast Factors:

LloydsExpMgmt@lloyds.com

Lloyd’s Catastrophe Model (LCM) – Summary Stats:

LloydsExpMgmt@lloyds.com

Realistic Disaster Scenario (RDS) – Supplementary
Information:

LloydsExpMgmt@lloyds.com

Direct Reporting (LDR) – on elective basis:

Direct.reporting@lloyds.com

Non-XIS Return (Annual):

Joel.Williamson@lloyds.com

Model Change Submissions:

GSII@lloyds.com

Regional Returns:
Australian Terrorism Reporting:Canadian Regulatory Reporting Return:

Australian.Terrorism@lloyds.com
lloyds-mr-overseasreporting@lloyds.com

France – Reporting of Medical Legal Liability Business:

Stephanie.Leninivin@lloyds.com

GAREAT Large Risk Pool:

Stephanie.Leninivin@lloyds.com

GAREAT Small and Medium-Sized Risk Pool:

Stephanie.Leninivin@lloyds.com

France – Reporting of Trade Credit Business

Stephanie.Leninivin@lloyds.com

Ireland – Audited Gross Written Motor Premiums:
Non-XIS Overseas Business Return (Australia and South

Joshua.Cartwright-Bain@lloyds.com
lloyds-mr-overseasreporting@lloyds.com

Africa):Singapore Risk Registration:
US Regulatory Reporting Return:darren.savage@lloyds.com
lloyds-mr-overseasreporting@lloyds.com

Tax Returns:

Federal Excise Tax:

Tax-operations@lloyds.com

US Tax Reports for US Members:

Tax-operations@lloyds.com

Singapore Tax Return:

Tax-operations@lloyds.com

US Qualified Intermediary Arrangements:

Tax-operations@lloyds.com

Non-Core CMR Guidebook2

INTRODUCTION(NON-CMR)

The Non-Core Market Returns are the collection of data
outside of the CMR or Market Data Collection (MDC)
Platform. Those additional data sets are used toenable the
Corporation of Lloyd’s to meet its reporting and analyticalrequirements.
This guide aims to provide an overview of each of the returns
outside CMR or MDC and how the different department
within Lloyd’sas a whole use the information. Each return
has its own instructions to provide details for thecompletion of thereturns. When completing a return
managing agents must refer to the instructions for that
return.
The Non-CMR guidebook is linked to several different Lloyd’s
departments’ requirements and for many of those there is a
specific Lloyd’s web page where to download or upload therequired material.
This guide is not a substitute for the instructions but an
overall view of Lloyd’s requirements throughout the year. For
more details visit the business time table:
www.lloyds.com/businesstimetable
If you have any comments on the guide, such as additional
information that you would like to see included, pleasecontact Sanaz Haffenden (Sanaz.Haffenden@lloyds.com),Andrew Sissons (Andrew.Sissons@lloyds.com) or the
relevant return owner.

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3

BROKER REMUNERATION RETURNS
Main Purpose:
To demonstrate that the market as a whole has a clear
understanding of the Bribery Act and its implications for theirbusiness.

Further to Market Bulletins Y4567 and Y4864, the guidanceand Lloyd’s reporting requirements can be found in‘Performance Management: Supplemental Requirements &Guidance’ at p.18 www.lloyds.com/supplementalrequirements

Frequency of the return: Quarterly
Main contact: Sarah
Olliffe Senior Manager,
Broker Remuneration, Policyholder & Third Party Oversight
Extension: 6215
Email: distributioncosts@lloyds.com
Reporting Department:
Performance Management Directorate

Why does Lloyd’s collect the data?
The data is collected as part of the response to the Bribery
Act. Lloyd’s has previously provided guidance to the market
on the issues to consider when agreeing additional payment
arrangements with brokers. In view of the different placement
structures and remuneration arrangements that are to befound in the London Market, Lloyd’s has emphasised theneed to ensure that the structure and the terms of sucharrangements are compatible with the relevant laws andregulations that may apply, and to ensure managing agents
meet the very highest standards in their dealings with brokers
for the benefit of Lloyd’s policyholders. Lloyd’s requires
managing agents that have entered into arrangements with abroker which involve additional payments to report on thosearrangements to Lloyd’s.

What does Lloyd’s do with this data?
Lloyd’s uses this data to keep a record of those arrangements
and to monitor additional acquisition costs in the market andto consider whether any further action may be required by
Lloyd’s. Lloyd’s also uses this data to satisfy itself that themarket as a whole has a clear understanding of the Bribery
Act and its implications for their business. Please note that thereceipt of the return by Lloyd’s should not be inferred as
Lloyd’s having consented to any disclosed payment.
Who are the final users?
Lloyd’s Broker Relationship Management
Lloyd’s Executive Team
Lloyd’s Legal departments
Lloyd’s Underwriting Performance

Summary of forms and purposeFORMS

PURPOSE

Broker Remuneration ‘Return’ template

Record and monitor additional payments to brokers‘Ad hoc Notifications’ template

Record and monitor additional payments to brokers

Any queries about the completion of the Broker Remuneration Return should be directed by e-mail to the Performance
Management Department: distributioncosts@lloyds.com
Please contact Sarah Olliffe (Sarah.Olliffe@lloyds.com) if a response remains outstanding.

Non-Core CMR Guidebook

4DELEGATED AUTHORITY DATA
Main Purpose:
To run a series of reports to monitor adherence to theDelegated Authority Minimum Standards as well as provide
benchmarking information beneficial to the market in general.

What does Lloyd’s do with this data?
Lloyd’s provides the Managing Agents with a copy of thereports once run which enable them to report internally on
their performance as part of the Delegated Authority market

Frequency of the return: Monthly
Main contact: Joshua Lynch, Assistant Executive
Extension: 5424
Email: coverholders@lloyds.com
Reporting Department:
Performance Management

Who are the final users?
Lloyd’s Delegated Authority
Managing Agents and Brokers.

Why does Lloyd’s collect the data?
The data is used by Lloyd’s to run a series of reports tobenchmark Managing Agents against each other for areas
such as the Annual Compliance completion, tasks returned
etc. The reports also help to test how the Managing Agentsare complying with the Minimum Standards and allow Lloyd’s
to have a greater oversight of controls with minimal disruption
to the Managing Agent. The data also helps identify any
resource or training issues within the market and Managing
Agents where greater attention is required. The data available
either via the PMDR or on the Lloyd’s BAR system is notaccurate enough for Lloyd’s to report on.

Summary of forms and purposeFORMS

PURPOSE

Template for binding authorities

Obtain core fields from the Managing Agent

Any queries about the completion of the Delegated Authority Data Request should be directed by e-mail to the Performance
Management Department: coverholders@lloyds.com
Please contact Joshua Lynch (Joshua.Lynch@lloyds.com) if a response remains outstanding.

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AGENT EXPENSE RETURN
What does Lloyd’s do with this data?

Main Purpose:
To submit the Agent Expense data files to Market Services.

Who are the final users?
Market Services

Frequency of the return: Annually
Main contact: Claire Sheahan, Manager Distribution
Extension: 2904
Email: Distribution@lloyds.com
Reporting Department:
Market Services

Why does Lloyd’s collect the data?
Members’ agents calculate their fees and profit commission
from their members’ closing distribution profits and submit thedetails electronically to Market Services so that we can
include the charges in the members’ bottom line profit or loss
calculation. These fees are repaid to the members’ agents
when they become due for settlement.

Summary of forms and purposeFORMS

PURPOSEThe Agent Expense data files
Any queries about the completion of the Agent Expenses Returns should be directed by e-mail to the Market Service
Department: Distribution@lloyds.com
Please contact Claire Sheahan (Claire.Sheahan@lloyds.com) if a response remains outstanding.

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6

CLAIMS OUTSOURCING ARRANGEMENTS LIST
Main Purpose:
To help protect Lloyd’s reputation and control the risks
associated with the outsourcing of claims handling (outside ofa binder).

Managing agents may also choose to participate in an“Edited” list, enabling them to view the service providers usedby other participating managing agents, at class of businesslevel.

Frequency of the return: Quarterly
Main Contact: Philip Godwin, Head of Claims
Extension: 5841
Email: Claims@lloyds.com
Reporting Department:
Performance Management

What does Lloyd’s do with this data?
Lloyd’s uses this data to keep a record of the service
providers used within binding authorities. Should Lloyd’s bemade aware of a service provider no longer adhering to the
Claims Minimum Standards, Lloyd’s will inform the managing
agents with a relationship with the service provider inquestion.

Why does Lloyd’s collect the data?
The data is collected to help enable Lloyd’s to achieve its
vision of fast and fair claims handling, to help protect Lloyd’s
reputation and to control the risks associated with theoutsourcing of this key function. The registration of service
providers with claims handling authority is at class of businesslevel, and is only in respect to risks not bound under a binding
authority.

Lloyd’s uses some fields from the return to populate an“Edited” Claims Outsourcing Arrangements List. This list isthen sent to all managing agents who have elected toparticipate in the “Edited” list.
Who are the final users?
Lloyd’s Claims Team“Participating” managing agents

It is important that Lloyd’s is aware whom managing agentsmay delegate claims handling authority so that Lloyd’s may
ensure that they are competent and that they adequately take
into account the applicable Lloyd’s claims management
principles and minimum standards. For the avoidance of
doubt, Lloyd’s will not be centrally assessing or “approving”
potential service providers.
Summary of forms and purposeFORMS

PURPOSE

Claims Outsourcing Arrangements List (COAL)

To assist control of risks associated with the outsourcing ofclaims handling outside of a binder, and enable the sharing ofdata regarding outsourced service providers.

Any queries about the completion of the Claims Outsourcing Arrangements List returns should be directed by e-mail to
Performance Management: Claims@lloyds.com
Please contact Philip Godwin (Philip.Godwin@lloyds.com) if a response remains outstanding.

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THIRD PARTY ADMINISTRATORS REGISTER
Main Purpose:
To help protect Lloyd’s reputation and control the risks
associated with the outsourcing of claims handling within abinder.
Frequency of the return: Quarterly
Main Contact: Philip Godwin, Head of Claims
Extension: 5841
Email: Claims@lloyds.com
Reporting Department:
Performance Management

Why does Lloyd’s collect the data?
The data is collected to help enable Lloyd’s to achieve its
vision of fast and fair claims handling, to help protect Lloyd’s
reputation and to control the risks associated with theoutsourcing of this key function. The registration of third party
administrators with claims handling authority is at policy level,
and is only in respect to risks bound under a binding authority.
Coverholders with claims handling authority are excluded fromthis process.

For the avoidance of doubt, Lloyd’s will not be centrally
assessing or “approving” potential TPAs. Instead by notifying
Lloyd’s of their use of a TPA, managing agents are confirming
their TPAs’ adherence to the Claims Minimum Standards. The
criteria are consistent with market guidance that the LMA’s
Binding Authorities Claims Group (the “BACG”) has alreadyestablished for assessing new TPAs.
If a managing agent has a concern that an existing TPA is nolonger fit and proper or poses a reputational risk to Lloyd’s,
they should contact the Lloyd’s Claims Team within the
Lloyd’s Performance Management Directorate.
What does Lloyd’s do with this data?
Lloyd’s uses this data to keep a record of the TPAs usedwithin binding authorities. Should Lloyd’s be made aware of a
TPA no longer adhering to the Claims Minimum Standards,
Lloyd’s will inform the managing agents with a relationshipwith the TPA in question.
Who are the final users?
Lloyd’s Claims Team

It is important that Lloyd’s is aware whom managing agentsmay delegate claims handling authority so that Lloyd’s may
ensure that they are competent and that they adequately take
into account the applicable Lloyd’s claims management
principles and minimum standards.

Summary of forms and purposeFORMS

PURPOSE

Third Party Administrator (TPA) RegisterTo assist control of risks associated with the outsourcing ofclaims handling within a binder

Any queries about the completion of the Third Party Administrators Registers returns should be directed by e-mail to
Performance Management: Claims@lloyds.com
Please contact Philip Godwin (Philip.Godwin@lloyds.com) if a response remains outstanding.

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LLOYD’S CATASTROPHE MODEL – DATA
Main Purpose:
To monitor syndicate and market natural catastrophe
exposures.
Frequency of the return: Quarterly
Main contact: Sundeep Chahal,Catastrophe Model
Extension: 5381
Email Lloyds: ExpMgmt@lloyds.com
Reporting Department:
Risk Aggregation

Manager,

Lloyd'sWhy does Lloyd’s collect the data?
Lloyd’s collects this data from the syndicates so that it cangain a probabilistic view of syndicates exposures to Natural
Catastrophes.
What does Lloyd’s do with this data?
Monitors syndicate natural catastrophe exposures, and used
as a tool to discuss/ understand exposure management within
the managing agents. The data is also used to generate a
Lloyd’s view of catastrophe within the LIM, and as a means ofanswering regulatory queries.
Who are the final users?
Risk Aggregation
Market Reserving and Capital

Summary of forms and purpose
FORMS
ELT_YYYYMM_SY0000_1
YLT_YYYYMM_SY0000_
1PURPOSEThe forms into which the relevant exposure data (GRL/NL/FNL)
representing a syndicate’s modelled loss curve is added (byModelYear/EventId).
Separated by region/peril/COB. Other fields are model dependant (typeof model used to be entered). Region/Perils = US Windstorm (USWS);
US Earthquake (UCEQ); Japan Windstorm (JPWS); Japan Earthquake(JPEQ); European Windstorm (EUWS). COB = DF; BR; TR; EN; OT

Any queries about the completion of the submission for Lloyd’s Catastrophe Model (LCM) – Data should be directed bye-mailto Exposure Management and Reinsurance Department: ExpMgmt@lloyds.com
Please contact Sundeep Chahal (Sundeep.Chahal@lloyds.com) if a response remains outstanding.

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LLOYD’S CATASTROPHE MODEL – FORECAST FACTORSMain Purpo
pose:
To monitor syndicate and market natural catastrophe
exposures.

Who are the final users?
Exposure Management and Re-insuranceMarket Reserving and CapitalFrequency of the return:
Submitted with SBF (typically September/February)(subject to materially of catastrophe exposure)

Main contact: Sundeep Ch ahal, Manager,
Catastrophe Model
Extension: 5381
Email Lloyds: ExpMgmt@lloyds.com
Reporting Department:
Exposure Management and Reinsurance

Lloyd'sWhy does Lloyd’s collect the data?
The forecast factors are applied to in-force LCM
syndicate returns so as to generate a projected view of
exposures.
These are applied on a region/peril/COB basis. These areused for Capital and Business planning and within the LIM.
What does Lloyd’s do with this data?
Monitors syndicate natural catastrophe exposures, andused
as a tool to discuss/ understand exposure management within
the managing agents. The data is also used to generate a
Lloyd’s view of catastrophe within the LIM, and as a means ofanswering regulatory queries.

Summary of forms and purposeFORMS

PURPOSELCM_Forecasts_2020_Synd0000_v1 (3Forms: Syndicate Info, Forecast ep-curve(LCM5) & Forecast ep-curve (NonLCM5))

The “Syndicate info” form contains metadata primarily
identifying the supplier and any additional comments. The
Forecast Return should also include the syndicate’s own viewof their 1in200 FNL for the LCM5 (Form: “Forecast ep-curve(LCM5)”) as well as loss estimates (FNL) at specified return
period for their ‘Rest of World’ (RWAL) LCM exposures (Form:“Forecast ep-curve (NonLCM5)”).

ELT_2020Forecast_SY0000_1
YLT_2020Forecast_SY0000_1

The forms into which the relevant exposure data (GL/NL/FNL)
representing a syndicate’s modelled loss curve is added (byModelYear/EventId).
Separated by region/peril/COB. Other fields are model dependant(type of model used to be entered). Region/Perils = US Windstorm(USWS); US Earthquake (UCEQ); Japan Windstorm (JPWS); Japan
Earthquake(JPEQ); European Windstorm (EUWS). COB = DF; BR; TR; EN; OT

Any queries about the completion of the submission for Lloyd’s Catastrophe Model (LCM) – Forecast should be directed byemail to Exposure Management and Reinsurance Department: ExpMgmt@lloyds.com
Please contact Sundeep Chahal (Sundeep.Chahal@lloyds.com) if a response remains outstanding.

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LLOYD’S CATASTROPHE MODEL– SUMMARY STATSMain Purpose:
Syndicate summary stats to accompany the in-force LCM
return to allow for validation of the data imported into themodel.
Frequency of the return: Quarterly
Main contact: Sundeep Chahal, Manager, Lloyd's
Catastrophe Model
Extension: 5381
Email Lloyds: ExpMgmt@lloyds.com
Reporting Department:
Risk Aggregation

Who are the final users?
Risk Aggregation
Market Reserving and CapitalWhy does Lloyd’s collect the data?
The summary stats are the Annual Average Loss (AAL) andthe syndicate’s key return period losses for the in-force LCM
data. This allows Risk Aggregation to validate the data once it
has been through the model, as the stats from the model
should be similar to those from the syndicate summary. This
return also provides information as to why their exposure may
have changed between submissions, and as such provides apoint of clarity around which discussions can be had.
What does Lloyd’s do with this data?
Monitors syndicate natural catastrophe exposures, and used
as a tool to discuss/understand exposure management within
the managing agents. The data is also used to generate a
Lloyd’s view of catastrophe risk within the LIM, and as ameans of answering regulatory queries.

Summary of forms and purposeFORMS

PURPOSELCM_Forecasts_2020_Synd0000_v1(Forms: Gross Key Return Periods,
Final
Net Key Return periods, Commentary).

The Summary Stats template contains 4 Forms:(1)“AAL” - The annual average loss of each region/peril/COB
on a gross and net basis the current and previous
submissions.
(2)“Gross Key Return Periods” - The key return period(10/100/200/250/500/1000) loss of each region/peril/COB ona gross basis.
(3)“Gross Key Return Periods” - The key return period(10/100/200/250/500/1000) loss of each region/peril/COB ona final net basis.
(4)“Commentary” – any additional commentary to accompany
the supplied data.

ELT_2020Forecast_SY0000_1
YLT_2020Forecast_SY0000_1

The forms into which the exposure data (GL/NL/FNL) representing
a syndicate’s modelled loss curve is added (by ModelYear/EventId).
Separated by region/peril/COB. Other fields are model dependant(type of model used to be entered). Region/Perils = US Windstorm(USWS); US Earthquake (UCEQ); Japan Windstorm (JPWS); Japan
Earthquake (JPEQ); European Windstorm (EUWS). COB = DF; BR;
TR; EN; OT
Non-Core CMR Guidebook

11Any queries about the completion of the submission for Lloyd’s Catastrophe Model (LCM) – Summary Stats should be directed bye-mail to Risk Aggregation: ExpMgmt@lloyds.com
Please contact Sundeep Chahal (Sundeep.Chahal@lloyds.com) if a response remains outstanding.

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REALISTIC DISASTER SCENARIO – SUPPLEMENTARYINFORMATION
Main Purpose:
A collection of exposure data to supplement the major natural
catastrophe data collected in the CMR, and for other types ofbusiness outside of natural catastrophes.

Main users:
1 to 11: Risk Aggregation

Frequency of the return: Annually or Biannually as part of
the RDS/RDL
Main contact: Sundeep Chahal,Catastrophe Model
Extension: 5381
Email Lloyds: ExpMgmt@lloyds.com
Reporting Department:
Risk Aggregation

Manager,

2: Market Finance
7: Class of Business & Syndicate Business
Performance
10 & 11: Class of Business

Lloyd'sWhy does Lloyd’s collect the data?
The supplementary exposure data is collected to supplement
our understanding of existing data collections, or to provide aview of market exposures relating to exposures outside thenatural catastrophe suite.
What does Lloyd’s do with this data?
Monitors syndicate exposures and answers
queries.

regulatory

Summary of forms and purposeFORMS

PURPOSE1)

AEP 1-in-30

GRL/NL/FNL collected for the RDS as the AEP data isn’t
required to be split by risk code. Is collected within the CMR
for RDL and MDC for SBF (annual).

2)

ERRO

3)

RoW Exposure Monitoring

4)

China Eathquake Aggs

GL/NL/FNL collected for regulatory purposes (Canadian EQ).
Cannot be collected within CMR as is not possible to be split
the exposures by Risk Code. Is collected in the CMR as partof the RDL (annual).
Aggregates for 13 prescribed region/perils and the
syndicate’s next top 5 region perils, split by business types.
This gives Lloyd’s a view of exposure size and growth inother region/perils outside of the LCM (Prescribed bi-annual;
next top 5 annual).
Aggregates by Cresta Zone for China EQ.

5)

New Zealand Earthquake Aggs

Aggregates by high-level class /FIL Code for New Zealandearthquake.

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13

6)

South Africa Earthquake Aggs

Aggregates by Cresta Zone for South Africa EQ.

7)

War & NCBR by region

Aggregates split by business type and war type(conventional/NCBR) for specified regions (Africa; Europe;
Eurasia; Middle East; Asia; SE Asia & Oceania; North
America; South & Central America) a syndicate could possibly
have exposure to. Used to monitor War exposure growth,
especially wrt NCBR where exemptions have been dropped.
Used for comparison against a similar return submitted for the
SBF (annual).

8)

Reinsurance ILW & Stop-Loss

To provide added information on this aspect of reinsurance
that cannot be collected within the CMR.

9)

Liability Methodologies

Narrative around the modelling methods used by thosesyndicates that submit Liability RDS. To help understand the
syndicates thinking, and to assess whether Lloyd’s believes
that their methods are sensible (annual).

10) Cyber - syndicate scenarios

Aggregates and loss estimates for syndicate defined cyber
scenarios for 10 classes of business

11) Cyber - Lloyd's scenarios

Syndicates provide aggregates and loss estimates for three
Lloyd’s defined cyber scenarios for 10 classes of business

Any queries about the completion of the Realistic Disaster Scenario (RDS) – supplementary information returns shouldbedirected by e-mail to Exposure Management and Reinsurance Department: ExpMgmt@lloyds.com
Please contact Sundeep Chahal (Sundeep.Chahal@lloyds.com) if a response remains outstanding.

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Direct Reporting (LDR) – on elective basis1
Main Purpose:
To enable participating managing agents to report theirregulatory & tax information directly to Lloyd’s for service
company or coverholder business.
Frequency of the return: at least Monthly
Main Contact: Darren Savage - Data & Reporting Manager
Extension: 5009
Email: direct.reporting@lloyds.com
Reporting Department:
Global Operations

What does Lloyd’s do with this data?
The respective tax and regulatory data required to fulfil Lloyd’sreporting requirements is collated from the submitted data.
Who are the final users?
International Regulatory Affairs
Market FinanceTax Operations
Tax overseas supervisory and fiscal authorities
Participating Managing Agents

Why does Lloyd’s collect the data?
Lloyd’s is responsible for managing certain central services onbehalf of Managing Agents. These include the producing andfiling regulatory and fiscal returns to various regulators aroundthe world, and also collecting and monitoring tax payments. In
the past, data collection to support these functions has beenachieved as a by-product of the insurance business
transaction process.
LDR now enables participating
Managing Agents to circumvent the traditional submission
process and its associated costs, and for applicable businesssubmit the required reporting data directly to Lloyd’s.

Any queries about the completion of LDR returns should be directed by e-mail to: direct.reporting@lloyds.com
Please contact Darren Savage (darren.savage@lloyds.com) if a response remains outstanding.

1

Detailed guidance for LDR is available on http://www.lloyds.com/the-market/operating-at-lloyds/direct-reporting

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NON-XIS RETURN (ANNUAL)
What does Lloyd’s do with this data?
To comply with Lloyd’s legal obligations to report business tooverseas supervisory and fiscal authorities, Lloyd’s requires
accurate and complete financial data about the business of
Lloyd’s underwriters. The requested information is importantfor maintaining Lloyd’s trading status.

Main Purpose:
To arrange the collection of all premiums and claims data
relating to the calendar year, where the transactions to whichthese relate were not and will not be processed through
Xchanging or via the Lloyd’s Direct Reporting (LDR) process.
Syndicates who have nothing to report must confirm this to
the International Reporting team.
Frequency of the return: Yearly
Main contact: Joel Williamson, Associate, International
Reporting
Extension: : 5811
Email Lloyds: Joel.Williamson@lloyds.com
Reporting Department:International Reporting, International Regulatory Affairs

Lloyd’s uses the information to meet prudential obligations
worldwide. In addition, the data is required to calculate theannual UK VAT global market recovery figures and provide anaudit trail for HMRC.
Who are the final users?
International Regulatory Affairs
Market FinanceTax
Overseas supervisory and fiscal authorities.

Why does Lloyd’s collect the data?
To identify the business not processed through Xchanging or
via the LDR process. Whilst most transactional data isavailable from Xchanging, Lloyd’s only source of information
about business not processed through this route or LDR is bycollecting it directly from syndicates via the Non-XIS Return.

Summary of forms and purposeFORMS

PURPOSE

Form A - Direct

For the reporting of direct or insurance business underwritten
and not processed through Xchanging or LDR. This formshould also include insurance business written through a
Lloyd’s Asia Service Company.

Form B - Reinsurance

For the reporting of all inward reinsurance business (includes
facultative reinsurance as well as proportional treaties andexcess of loss reinsurance) underwritten and not processed
through Xchanging or LDR. This form should also include
inward reinsurance business written through a Lloyd’s Asia
Service Company.

Any queries about the completion of the NON-XIS Return should be directed by e-mail to the International Regulatory Affairs
Department: Joel.Williamson@lloyds.com.
Please contact Rehan Muhammad (rehan.muhammad@lloyds.com) if a response remains outstanding.

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AUSTRALIAN TERRORISM REPORTING2
Main Purpose:
The Australian Terrorism Insurance Act 2003 renders
terrorism exclusion clauses in eligible insurance contracts
ineffective, in relation to losses arising from a declaredterrorism incident. In order to provide cost-effective
reinsurance cover for eligible terrorism losses, the AustralianGovernment established the Terrorism Insurance Scheme(the ‘Scheme’) operated by the ARPC, a statutory authority
providing reinsurance cover for losses arising from a declaredterrorist incident.
Those syndicates that have opted-in to the ARPC Scheme are
required to meet the quarterly and annual reporting
obligations.
Manging agents are required to submit their syndicate’s
ARPC Australian Terrorism return both quarterly and annually
through Lloyd’s Secure Store, including nil returns.

What does Lloyd’s do with this data?
Quarterly Return:
Lloyd’s submits each return to the ARPC, via their on-line
system, and arranges for the payment of the reinsurance
premium to the ARPC on behalf of syndicates.
Annual Return:
Lloyd’s compares the current year’s submission to theprevious year’s submission and will follow up with syndicatesto understand the cause of any variances. The returns willthen be submitted to the ARPC, via their on-line system. If a
return fails validation Lloyd’s will follow-up with the relevant
syndicate to arrange a resubmission.
Who are the final users?
ARPC
Lloyd’s International Regulatory Affairs

Frequency of the return: Quarterly and Annually
Main contact: Joel Williamson, Associate, International
Reporting
Extension: 5811
Email: Australian.Terrorism@lloyds.com
Reporting Department:International Regulatory Affairs

Why does Lloyd’s collect the data?
Quarterly Return:The quarterly Return ensures that the correct reinsurance
premium is paid to the ARPC in relation to eligible insurance
contracts.
Annual Return:
The annual return is designed to be a ‘snap shot’ of grosssums insured as at 3pm on 30 June each year and enables
the ARPC to analyse the distribution of exposure risk acrossAustralia and assist in the setting of their retrocession
program.
Summary of forms and purpose
Quarterly Return:
The ARPC has grouped all Australian postcodes into three Tiers, being A, B and C. In order to correctly report a risk to thecorrect tier, a syndicate must have the postcode for the physical location of the risk, not the post office box address.
2

The user guide in relation to the Australian Terrorism Insurance Act (including the quarterly & annual reporting obligations) isavailable within the Crystal content of the Lloyd’s website. The User Guide can be found within the Pre-placement
considerations section by clicking on ‘class specific regulations’ and then scrolling down to Terrorism.
http://www.lloyds.com/the-market/tools-and-resources/tools-e-services/crystal. The User Guide is also available in the ‘Shared
Files’ area of Secure Store.

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correct tier, a syndicate must have the postcode for the physical location of the risk, not the post office box address.
FORMS

PURPOSE

Remittance Worksheet

To identify the Managing Agent/Syndicate and the reinsurance
premium due.

Tier A - From 04_16

Records the gross written premium and relevant reinsurance
premium due for Tier A risks, split by class and state, forbusiness written on or after to 01 April 2016.

Tier B - From 04_16

Records the gross written premium and relevant reinsurance
premium due for Tier B risks, split by class and state, forbusiness written on or after to 01 April 2016.

Tier C - From 04_16

Records the gross written premium and relevant reinsurance
premium due for Tier C risks, split by class and state, forbusiness written on or after to 01 April 2016.

Summary of forms and purpose
Annual Return:
The annual template requires the capture of street address information for major postcodes within Tier A locationsFORMS
PURPOSE
Street Address Details Worksheet

This worksheet requires the street address for applicable Tier
A risks (only those in the following postcodes: 2000, 3000,
4000, 5000 and 6000), the reporting of the building sum
insured and the reporting of the sum insured for businessinterruption and contents only policies whether or not there isa sum insured on a building for that postcode. The syndicate
should ensure that they can report the full name of the actual
insured and the full street address for each applicable risk.

All Risks ex CW Worksheet

The number of risks and sum insured values are required for
all non-construction risks where there is a building component
to the policy.

Construction Worksheet

The number of risks and sum insured values are required forContract works risks.

Any queries about the completion of the ARPC Returns should be directed by e-mail to the International Regulatory Affairs
Department: Australian.Terrorism@lloyds.com
Please contact Joel Williamson (Joel.Williamson@lloyds.com) if a response remains outstanding.

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CANADIAN REGULATORY REPORTING RETURN3
Main Purpose:
To meet Lloyd’s regulatory reporting requirements for Canada
and to calculate the amount of assets that syndicates must
hold in their Canadian situs trust funds.

Which are the final users?
The Canadian Regulator
Market FinanceInternational Regulatory Affairs

Frequency of the return: Quarterly
Main contact: Tracey Nash, Associate, Overseas Reporting
Extension: 5435
Email: lloyds-mr-overseasreporting@lloyds.com
Reporting Department:
Overseas Reporting

Why does Lloyd’s collect the data?
This return is required by the Canadian Insurance Regulator(OSFI) from all syndicates underwriting Canadian regulated
business and must be filed in order for our licence to be
maintained.
What does Lloyd’s do with this data?
The primary use of the data is completion of the returns thatare filed with OSFI; elements of the data held within the
returns is available for analysis via FIMS to other Lloyd’s
departments who have need of it.

Summary of forms and purposeFORMS

PURPOSE

Cash Transfer form

To instruct STFO on the amounts of cash or investments in
Canadian or US dollars to be transferred in or out of the fundin the quarterly funding exercise

Form 20.12 (Cash)

To provide explanations where lines of the form are populated
relating to unspecified transfers into or out of the regulated
trust fundForm 70.20

To give details of reinsurers where agents have claimed
reinsurance recoverables against their funding requirement

Any queries about the completion of the Canadian Regulatory Reporting Return (CRR) should be directed by e-mail to Market
Finance Department: lloyds-mr-overseasreporting@lloyds.com
Please contact Tracey Nash (Tracey.Nash@lloyds.com) if a response remains outstanding.

3

The returns are pre-populated with data from Xchanging, LDR and the Trustee. Syndicates are then required to check thisdata, make any necessary adjustments and then specifically complete the following forms.

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FRANCE – REPORTING OF MEDICAL LEGAL LIABILITY
BUSINESS4Main Purpose:
To report on medical malpractice business in France iscompulsory for insurers providing medical malpracticeinsurance to health professionals for risks located in France.
Frequency of the return: Annually, early April
Main contact: Stephanie Le Ninivin, Market Services
Executive
Extension: 7030
Overseas: +33 (0) 1 42 60 85 92
Email
Lloyds:Stephanie.Leninivin@lloyds.com
or
RETURNSFRSERVICES@lloyds.com
Reporting Department:
Lloyd’s France SAS, ParisWhy does Lloyd’s collect the data?
It is a regulatory requirement from the French Regulator, the
ACPR which uses the data to perform statistical analysis on
the medical malpractice portfolio in France.
What does Lloyd’s do with this data?
Lloyd’s collects and collates the returns from syndicateswriting relevant business and submits one aggregated returnon behalf of the market to the ACPR.

Who are the final users?
The ACPR.

The market is advised of the requirement to complete the return each year via e-Alert in the weekly Compliance Digest.
Any queries about the completion of the France reporting on medical legal liability business returns should be directed toStephanie Le Ninivin by e-mail to: Stephanie.Leninivin@lloyds.com or to: RETURNSFRSERVICES@lloyds.com

4

Detailed guidance is available on Crystal under Class specific regulations and under Regulatory reporting:https://crystal.lloyds.com/SearchResults?mc=006&c=02004&t=1&d=1
https://crystal.lloyds.com/SearchResults?mc=006&c=06054&t=1&d=1

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GAREAT Large Risk Pool5
Main Purpose:
GAREAT provides reinsurance coverage for French property
risks (with fire coverage) with a total sum insured equal or
above EUR 20m. Information regarding the structure of the
GAREAT large risk compulsory pool is published in an
e-Alert each year.

Syndicates writing open market business report directly to
Lloyd’s France SAS. Syndicates should also declare in theirreturns risks written by Lloyd’s brokers holding lineslips on
their behalf, risks written by coverholders other than Frenchcoverholders. French coverholders/French service companies
report directly to Lloyd’s France SAS regarding binding
authority or CAA business.

6

Frequency of the return : Compulsory for all
syndicates.
Four quarterly cumulative returns (from 01/01/YYYY to
10/12/YYYY). A fifth return recapping the whole year (from01/01/YYYY to 31/12/YYYY) and a sixth regularisation return.
Nil returns are required from syndicates even if they haveno eligible risks to declare.
One annual informative return for sites over or equal
EUR150m.

What does Lloyd’s do with this data?
Lloyd’s submits an aggregated return on behalf of the market
to the GAREAT large risk pool.
Who are the final users?
GAREAT, to allow it to invoice the pool’s members for theirreinsurance against terrorism. The informative return will
enable GAREAT to identify risk exposure.

Main contact: Stephanie Le Ninivin, Market Services
Executive
Extension: 7030
Overseas: +33 (0) 1 42 60 85 92
Email
Lloyds:Stephanie.Leninivin@lloyds.com
or
GAREATFRSERVICES@lloyds.com
Reporting Department:
Lloyd’s France SAS, ParisWhy does Lloyd’s collect the data?
It is a regulatory requirement allowing syndicates to declareand submit risks reinsuring against an act of terrorism to the
GAREAT large risk pool. Lloyd’s collects and submits returns
on behalf of the market.

The details regarding the structure for 2019 were issued in Market Bulletin Y5221, 10th December 2018.
Reporting deadlines for the market are saved on the Business Timetable.
Any queries about the completion of the GAREAT large risk pool returns should be directed to Stephanie Le Ninivin by e-mail
to: Stephanie.Leninivin@lloyds.com or to: GAREATFRSERVICES@lloyds.com

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GAREAT Small and Medium-Sized Risk Pool7
Main Purpose:
Participation in the GAREAT small and medium-sized risk
pool is compulsory for syndicates writing French property
risks(with fire coverage) with a total sum insured strictly below
EUR 20m.

Who are the final users?
GAREAT, to allow it to invoice the pool’s members for theirreinsurance against terrorism. The informative return will
enable GAREAT to identify risk exposure.

Frequency of the return: Estimated earned premium return
must be completed on a yearly basis by syndicates.
Adjustment premium return must also be completed once a
year by syndicate.
There is also one annual informative return by French
department and business category for risks with sum insured
strictly below EUR 20m
Main contact: Stephanie Le Ninivin, Market Services
Executive
Extension: 7030
Overseas: +33 (0) 1 42 60 85 92
Email
Lloyds:Stephanie.Leninivin@lloyds.com
or
GAREATFRSERVICES@lloyds.com
Reporting Department:
Lloyd’s France SAS, ParisWhy does Lloyd’s collect the data?
It is a regulatory requirement allowing syndicates to declareand submit risks reinsuring against an act of terrorism to the
GAREAT small and medium-sized risk pool. Lloyd’s submits
the returns to GAREAT.
Syndicates must declare all relevant French open-market
risks, French risks written by Lloyd’s brokers holding lineslips,
French risks written by French and non French coverholders
including service companies
What does Lloyd’s do with this data?
Lloyd’s collects and submits returns to GAREAT for the small
and medium-sized pool on behalf of participating syndicates.

The details regarding the structure for 2019 were issued in Market Bulletin Y5221, 10th December 2018.
Reporting deadlines for the market are saved on the Business Timetable.
Any queries about the completion of the GAREAT small and medium-sized risk pool returns should be directed to Stephanie
Le Ninivin by e-mail to: Stephanie.Leninivin@lloyds.com or to: GAREATFRSERVICES@lloyds.com

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FRANCE – REPORTING OF TRADE CREDIT BUSINESS
Main Purpose:
As per article L.310-2 of the French Insurance Code, insurers
writing trade credit business must complete a report for the
French regulator, the Banque de France.
Frequency of the return: Return made on a quarterly basis
Main contact: Stephanie Le Ninivin, Market Services
Executive
Extension: 7030
Overseas: + 33 (0) 1 42 60 85 92
Email
Lloyds:Stephanie.Leninivin@lloyds.com
or
RETURNSFRSERVICES@lloyds.com
Reporting Department:
Lloyd’s France SAS, ParisWhy does Lloyd’s collect the data?
It is a regulatory requirement from the French Regulator, theBanque de France which uses the data to perform statisticalanalysis on trade credit business.
What does Lloyd’s do with this data?
Lloyd’s collects the data from syndicates writing relevantbusiness (under freedom of establishment) and collates thereturns and submits one aggregated return on behalf of themarket to the Banque de France.

Who are the final users?
The Banque de France

Email sent on a quarterly basis to the relevant syndicates to inform them of requirement to complete the return
Any queries about the completion of the France Reporting of trade credit business returns should be directed to Stephanie Le
Ninivin by e-mail to: Stephanie.Leninivin@lloyds.com or to : RETURNSFRSERVICES@lloyds.com

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IRELAND – AUDITED GROSS WRITTEN MOTOR PREMIUMSMain Purpose:
To perform an annual audit of Irish motor data in accordancewith the Motor Insurance Bureau of Ireland (MIBI)
requirements.

Who are the final users?
Motor Insurance Bureau of Ireland (MIBI)

Frequency of the return: AnnuallyMaincontact:
Declan Rooney, Associate International
Reporting
Extension: 5465
Email Lloyds: declan.rooney@lloyds.com
Reporting Department:International Reporting, International Regulatory Affairs

Why does Lloyd’s collect the data?
It is a regulatory requirement.
Syndicates need to provide details of gross written motor
premium broken down into (a) comprehensive (b) third party
fire and theft and (c) third party only. MIBI uses the data
received from all insurers to calculate each insurer’s
contribution.
What does Lloyd’s do with this data?
Lloyd’s submits the premium numbers provided along with theaudit certificates to MIBI. Lloyd’s also uses the data to fairly
allocate each syndicate’s share of the MIBI levy calls.

Syndicates are advised via e-Alert in the weekly Digest.
For the 2019 requirement, an e-Alert was issued on the 5th December 2018.
Any queries about the completion of the Ireland Audited Gross Written Motor Premiums returns should be directed by e-mail toInternational Regulatory Affairs Department: declan.rooney@lloyds.com.
Please contact Lisa Duval (Lisa.Duval@lloyds.com) if a response remains outstanding.

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NON-XIS OVERSEAS BUSINESS RETURN (AUSTRALIA,CANADA, SOUTH AFRICA, NEW ZEALAND AND
SWITZERLAND)
Main Purpose:
To ensure Non-XIS data for the above territories is included in
Lloyd’s Trust Fund Returns.
Frequency of the return: Quarterly
Main Contact: Hayley Youles, Assistant, Overseas Reporting
Extension: 5299
Email: lloyds-mr-overseasreporting@lloyds.com
Reporting Department:
Overseas Reporting, Market FinanceWhy does Lloyd’s collect the data?
To ensure completeness of the regulatory filling. Data notprocessed through Xchanging or submitted via LDR must becollected from the market.
What does Lloyd’s do with this data?
This data is included in the Trust Fund Returns submitted to
the Australian, Canadian and South African supervisory
authorities.
Who are the final users?
Market FinanceInternational Regulatory Affairs
Market Reserving & Capital
Overseas supervisory authorities

Summary of forms and purposeFORMS

PURPOSE

Australian Business – New business Trust Fund (LAUSTF)

To collect the Premiums and Claims data

Canadian BusinessTo collect the Premiums and Claims data

South African BusinessTo collect the Premiums and Claims data

Any queries about the completion of the Non-XIS Overseas Business Return (Australia and South Africa) should be directedby e-mail to Market Finance Department: lloyds-mr-overseasreporting@lloyds.com
Please contact Hayley Youles (Hayley.Youles@lloyds.com) if a response remains outstanding.

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SINGAPORE RISK REGISTRATION
Main Purpose:
To provide Lloyd’s with consistent management information
for all business written via the Lloyd’s Asia platform.
Frequency of the return: Quarterly
Main Contact: Darren Savage, Data & Reporting Manager
Extension: 5009
Email: darren.savage@lloyds.com
Reporting Department:
Market Operations

Why does Lloyd’s collect the data?
As part of our obligation to the Singapore regulatory body,
Lloyd’s is required to demonstrate that it has access to all
relevant information and therefore it can adequately manage
performance and gain regulatory oversight to the standards
required, considering the growing size of the Lloyd’s Asia
platform. Additionally, service company Principal Officers
have requested high level market intelligence from Lloyd’s,
which is currently unobtainable given the lack of granular
data. Therefore, to provide Lloyd’s in London, Lloyd’s Asiaand service companies with access to improved andconsistent management information, Lloyd’s now require thesubmission of all risk and endorsement data at a granularlevel on a quarterly basis.

What does Lloyd’s do with this data?
The data is aggregated and will ultimately form the basis ofManagement Information, which will be used to manage
performance and gain regulatory oversight. In the case of MI
created to be shared with the Singapore based Service
Companies, all data will be anonymised to ensure that no
syndicate specific business data is divulged.
Who are the final users?
The Lloyd’s Performance Management Directorate
Service Companies that write business via the Singapore
Platform.

Summary of forms and purposeFORMS

PURPOSE

Risk Registration Submission Form

Collection and validation of policy data at a granular level.

Any queries about the completion of the Singapore Risk Registration returns should be directed by e-mail to Darren
Savage(darren.savage@lloyds.com).

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US REGULATORY REPORTING RETURN8Main Purpose:
To meet Lloyd’s regulatory reporting requirements for the US
and to calculate the amount of assets that syndicates must
hold in their US situs trust funds.

Which are the final users?
The US Regulator
Market FinanceInternational Regulatory Affairs.

Frequency of the return: Quarterly
Main Contact: David Cokayne, Senior Finance Executive,
Overseas Reporting
Extension: 6238
Email: lloyds-mr-overseasreporting@lloyds.com
Reporting Department:International Finance, Market FinanceWhy does Lloyd’s collect the data?
This return is required by the US Insurance Regulator from all
syndicates underwriting US regulated business and must be
filed in order for our licence to be maintained
What does Lloyd’s do with this data? The primary use of
the data is completion of the returns that are filed with the US
Regulator. The data held within the returns is available foranalysis via FIMS to other Lloyd’s departments who haveneed of it.

Summary of forms and purposeFORMS

PURPOSERIQ/SLQ 2 (Quarterly 1-3)

Reconciliation of movements in the trust fund and creation of
the Trust Fund Minimum Amount (TFMA)RIQ/SLQ 4 & 4a (Quarterly 1-3)

Enter gross reserves by class of business by year of account

RI/SL 2 (Annual)

Reconciliation of movements in the trust fund and creation of
the Trust Fund Minimum Amount

RI/SL 6 & 6a (Annual Q4)Enter gross reserves by class of business by year of account

Sch F Part 2 (Annual)

To report Premium Portfolio Transfers executed or cancelledduring the year

Sch F Part 3 (Annual)

To report details of reinsurance ceded

Sch F Part 4 (Annual)

To report the ageing of reinsurance ceded

Sch F Part 5 (Annual)

To report a provision for unauthorised (not New York Stateauthorised) reinsurance

8

The returns are pre-populated with data from Xchanging, LDR and the Trustee. Syndicates are then required to check thisdata, make any necessary adjustments and then specifically complete the following forms.

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Sch F Part 6 (Annual)

To report a provision for overdue authorised (New York Stateauthorised) reinsurance

Sch F Part 7 (Annual)

To report a provision for overdue reinsurance

Sch P Part 1

To report information on loss and loss experience by class by
year of account

Sch P Additional Information

To report details of Salvage & Subrogation and acceptance ofa RITC of another syndicate

Cash Transfer Form

To arrange for the transfer of cash to/from the trust funds tomeet the TFMA

Any queries about the completion of the US Regulatory Reporting returns should be directed by e-mail to Market Finance
Department: lloyds-mr-overseasreporting@lloyds.com.
Please contact David Cokayne (david.cokayne@lloyds.com) if a response remains outstanding.

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FEDERAL EXCISE TAX
Main Purpose:
To provide information for Lloyd’s to centrally calculate FET
regarding reinsurance ceded that is subject to a conduit
arrangement under the UK/US tax treaty.
Frequency of the return: Annually
Main contact: Ian Chidgey, Senior Business Analyst
Manager, Tax-Operations
Extension: 2393
Email Lloyds: Tax-operations@lloyds.com
Reporting Department:
Tax Operations

Why does Lloyd’s collect the data?
This data is required in order to calculate the FET due on
reinsurance premiums that are paid at syndicate level and are
subject to a conduit arrangement.
What does Lloyd’s do with this data?
Lloyd’s centrally calculates the Federal Excise tax due on
behalf of the Lloyd’s market.
Who are the final users?
US internal Revenue Service

Summary of forms and purposeFORMS

PURPOSE

Reinsurance ceded

To provide information for Lloyd’s to centrally calculate FET
regarding reinsurance ceded that is subject to a conduit
arrangement under the UK/US tax treaty.

Any queries about the completion of the Federal Excise Tax returns should be directed by e-mail to Tax Operations: Taxoperations@lloyds.com
Please contact Ian Chidgey (Ian.Chidgey@lloyds.com) if a response remains outstanding.

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SINGAPORE TAX RETURN
Main Purpose:
To provide a syndicate level tax computation for Singapore
business.
Frequency of the return: Annually
Main contact: Philip Waghorne, Team Manager
Extension: 2472
Email Lloyds: Tax-operations@lloyds.com
Reporting Department:
Tax Operations

Why does Lloyd’s collect the data?
To file a Singaporean tax return on behalf of each member of
Lloyd’s.
What does Lloyd’s do with this data?
Uses the data to file a consolidated Singaporean Tax returnon behalf of all members of Lloyd’s and to calculate and pay
the tax due.
Who are the final users?
Inland Revenue Authority of Singapore (IRAS)

Summary of forms and purposeFORMS

PURPOSE

Singapore tax computation

To compute the Singapore taxable result for the syndicate.
This is then apportioned to the members on the syndicate andused to compute the Singaporean tax due at member leveland file the return.

Any queries about the completion of the Singapore Tax Return should be directed by e-mail to Tax Operations: Taxoperations@lloyds.com
Please contact Philip Waghorne (Philip.Waghorne@lloyds.com) if a response remains outstanding.

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US QUALIFIED INTERMEDIARY ARRANGEMENTS
Main Purpose:
To ensure that the market is able to comply with its obligations
under Lloyd’s Qualified Intermediary agreement with the IRS.
Frequency of the return: Annually
Main contact: Simon Tyler, Manager, Tax Operations
Extension: 2512
Email Lloyds: Tax-operations@lloyds.com
Reporting Department:
Tax Operations

Why does Lloyd’s collect the data?
In order to ensure that the investment income included in the
United States Federal Income Tax return agrees withinformation provided by the custodians of the assets.
What does Lloyd’s do with this data?
Completes reconciliation between the syndicate’s records andthe various custodians to determine the US source incomethat is subject to US withholding tax.
Who are the final users?
US internal Revenue Service

Summary of forms and purposeFORMS

PURPOSEUS Income – supplementary information form

To collect details of Syndicates accounts where US source
income is received on assets to ensure that the correct
amount of withholding tax is applied.

Any queries about the completion of the US Qualified Intermediary arrangements returns should be directed by e-mail to Tax
Operations: Tax-operations@lloyds.com
Please contact Simon Tyler (Simon.Tyler@lloyds.com) if a response remains outstanding.

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MODEL CHANGE SUBMISSIONS
Main Purpose:
To record all changes made by syndicates to their SII models
on both a quantitative and qualitative basis and to monitor
aggregation of minor changes into a major change.
Frequency of the return: Quarterly
Main contact: Lyndsay Deeves, Senior Manager, Oversight
Framework
Extension: 5993
Email:GSII@lloyds.com
Reporting Department:
Syndicate Capability Oversight

What does Lloyd’s do with this data?
Lloyd’s reviews the quarterly syndicate submissions of modelchanges to understand movements in syndicate SII models to
support LCR review and to assess the potential impact ofsyndicate model changes to LIM.
Who are the final users?
LIM Change Board
Various departments across Lloyd’s.

Why does Lloyd’s collect the data?
In order to monitor Managing Agents’ continued SII
compliance Lloyd’s is required to monitor model changes
across the market which feed Lloyd’s Internal Model (“LIM”).
A quarterly report for the LIM Change Board is produced tomonitor major movements and to support reporting of a LIM
model change to the PRA.
Lloyd’s Market Reserving & Capital team review the quarterly
returns and where appropriate in line with LCR submissions to
identify the key drivers of change in line with the analysis ofchange reported with the LCR.

Summary of forms and purposeFORMS

PURPOSE

Quarterly Model Change submission templates

Monitor developments of SII internal models across market

Any queries about the completion of the quarterly model change submissions should be directed by e-mail to the Syndicate
Capability Oversight team:GSII@lloyds.com
Please contact Lyndsay Deeves (Lyndsay.Deeves@lloyds.com) if a response remains outstanding.

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