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Lloyd's agents approval process to be streamlined after backing from UK watchdogs

( July 7, 2025, 09:26 GMT | Official Statement) -- MLex Summary: The approval process for Lloyd's managing agents, which are responsible for managing groups of investors in the Lloyd's of London insurance market, is set to be streamlined after the Financial Conduct Authority and Prudential Regulation Authority agreed to changes intended to reduce the timeframe for authorization. Last year, a pilot exercise explored how the process could be improved while maintaining existing standards. The watchdog said that the pilot was successful, resulting in a streamlined approach.Statement is attached....

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