About us
About OMPL
Offshore Market Placements (OMPL) is a specialist insurance underwriting agency, established in 1993. Our parent company Gallagher, is one of the world’s top three insurance brokerage, risk management and consulting firms.
As a coverholder at Lloyd's of London we provide access to global insurance solutions right here in New Zealand.
In addition to providing traditional forms of cover for New Zealand businesses, our experienced team excels at sourcing innovative, market-specific insurance solutions, where something out of the ordinary is required. We have a strong track record of covering risks that others have shied away from.
How we work
OMPL works directly with a network of insurance brokers at Gallagher to source and manage global insurance solutions for clients.
We partner with a variety of insurers. The experience and security OMPL provides through international connections and the Lloyd’s marketplace, provides Crombie Lockwood clients the right cover for managing their varied and complex risks.
Our claims team works on behalf of Lloyd's, managing and settling claims right here in New Zealand.
If you are a member of the public looking for insurance options please contact a broker near you to discuss your cover requirements.
Coverholder at Lloyd's
OMPL is an approved coverholder at Lloyd’s, the oldest and most significant insurance marketplace in the world.
This means we are authorised to underwrite on behalf of Lloyd’s syndicates under a binding authority, issue policy documentation as proof of insurance, collect premiums and handle claims locally.
What is Lloyd's?
Lloyd's of London is a specialist insurance market, where its members join together as syndicates to insure risk.
When we talk of 'Lloyd’s', we're really referring to two distinct parts: the market, which is made up of many independent businesses, and the Corporation of Lloyd’s, which oversees and supports that market.
Much of Lloyd’s business works by subscription, where more than one syndicate takes a share of the same risk. Members provide the capital to support the syndicates’ underwriting. Members include some of the world’s major insurance groups and companies listed on the London Stock Exchange, as well as individuals and limited partnerships. Corporate members provide most of the capital for the Lloyd’s market.
Lloyd’s financial strength derives from its unique capital structure, often referred to as the ‘Chain of Security’. It provides excellent financial security to policyholders and capital efficiency for members.
Lloyd's financial strength
The ratings below are independent opinions of Lloyd’s financial strength and ability to meet its ongoing insurance policy and contract obligations.
Financial Strength Ratings describe the financial security characteristics of the rated entity and its ability to meet financial commitments.
Lloyd's currently enjoys:
- Standard & Poor's: A+ (Strong)
- Fitch Ratings: AA- (Very strong)
- A.M. Best: A (Excellent)
All Lloyd’s syndicates benefit from Lloyd’s central resources, including the Lloyd’s brand, its network of global licences and the Central Fund. The Central Fund is available at the discretion of the Council of Lloyd's to meet any valid claim that cannot be met by the resources of any member. As all Lloyd’s policies are ultimately backed by this common security, a single market rating can be applied. The Lloyd’s financial strength ratings apply to every policy issued by every syndicate at Lloyd’s post-1992.
Further information on Lloyd's ratings is available in the investor relations section of the Lloyd's website.
