Programmes & Binders

When speed, efficiency and control matter, delegated authority programmes and binding authorities can unlock real value. At Price Forbes, we specialise in building and managing bespoke facilities that allow brokers and coverholders to grow portfolios, respond faster to clients, and access Lloyd’s and London Market capacity with confidence.

Whether you're launching a new binder or optimising an existing facility, our team has the expertise and market access to ensure seamless placement and administration.

Programmes & Binders capabilities

We support a full range of delegated authority and programme solutions, including:

  • Bespoke facilities and binding authorities into Lloyd’s and the London Market
  • Marketing and structuring of new schemes or facilities
  • Full administration of in-force binders, including bordereaux, claims, and compliance
  • Support for mid-term broker changes and facility migrations
  • Assistance with London Market compliance, contract wordings, and regulatory reporting
  • Back-office processing and bureau liaison via our internal IBA
  • Support for non-delegated risks that fall outside facility parameters

We use tools including Atlas, DAMS, IMR, and CLASS to ensure timely processing, robust compliance, and accurate claims reporting.

Specialist Risk solutions

Building on more than 100 years as the home of specialist broking, we fuse unmatched scale and experience with an entrepreneurial spirit to take on the challenges of an increasingly complex future:

  • Property Insurance
    Including commercial property and liability, monoline catastrophe risks, and deductible buy-back solutions.
  • Casualty Insurance
    Including public and employers’ liability, products liability, excess and umbrella liability, environmental liability, contractors’ liability, and general casualty reinsurance.
  • Financial & Professional Risks
    Including Directors’ & Officers’ Liability, Professional Indemnity, and Cyber.

Key contacts

Russ Nicholls
Russ Nicholls
Chairman

Industries we support with Programmes & Binders solutions


Our delegated authority solutions are used across a wide spectrum of sectors and business classes, including:

Spotlight Facility

Lectio: The Exclusive Cross-Class Facility

Lectio is a next-generation placement solution built on ringfenced capacity and a trusted panel of insurers. Designed to streamline the placement process across seven key classes of business, it delivers speed, certainty, and partnership - without compromise.

Lectio offers a simplified route to robust coverage backed by stable, reliable capacity. Eligible classes:

  • Cargo
  • Construction
  • Energy & Power
  • Financial Lines (including D&O, E&O, and Cyber)
  • General Aviation
  • Marine
  • Property

Built for brokers who value efficiency and long-term collaboration, Lectio moves placements from start to finish with confidence, bringing together market-leading security and a shared commitment to durable solutions.

Why Price Forbes for Programmes & Binders

  • Specialist team with end-to-end expertise, from facility structuring to claims administration
  • Market influence - deep relationships across Lloyd’s and company markets
  • Administrative impact - in-house IBA and delegated authority operations team
  • Compliance confidence - navigating the complexities of Atlas, DAMS, IMR, and CLASS on your behalf
  • Flexible support - including non-binder placements and out-of-scope risk solutions


We make your facilities work harder, smoother, and smarter, so you can focus on growing your business.

Programs & Binders Insurance

Frequently Asked Questions

A binding authority allows a broker or coverholder to underwrite and issue policies on behalf of an insurer. It streamlines placement, speeds up decision-making, and often improves client service, especially for high-volume or niche business classes.

Yes, becoming a coverholder is possible but it requires meeting specific criteria and going through an approval process, especially if you're seeking Lloyd’s accreditation. We can guide you through every step, from the initial feasibility assessment to formal application and onboarding.

Absolutely. We support programme design, underwriting strategy, compliance, and market placement, helping you bring new facilities to market quickly and efficiently.

We regularly manage mid-term broker transitions and will work with all stakeholders to ensure a smooth handover, minimal disruption, and full continuity of service and reporting.

Yes - we collaborate closely with claims teams to manage bordereaux and fund administration, ensuring prompt payment, clean reporting, and full compliance.

No. While we are experts in navigating Lloyd’s delegated authority frameworks, we also structure and place facilities in the company market where appropriate, giving you access to the best capacity for your business needs.

Let's Talk

Our insurance experts are always on hand to talk about ways we can join forces to take on the future.