Lead/follow (modern syndication of risk)

Executive sponsor: Jon Hancock

Market sponsor: Sheila Cameron, LMA

Business owner: Caroline Dunn

Workstream lead: David Lawrence

What it is

Lead/follow seeks to deliver best in breed underwriting by leaders, whilst making it simpler and cheaper for followers to follow.

What is our progress during transition?

Learn about how we have progressed since our last update back on 30 September 2019.

How we will deliver in Phase I

  • The new lead/follow standards and oversight framework will be designed in close collaboration with the market throughout 2020
  • The market will have the opportunity to provide feedback on the new standards through extensive consultation during the pilot phase (including via Lloyd’s Market Association panels, dedicated market workshops, advisory groups and one-on-one consultations)
  • Quick wins identified in Phase I will be rolled out across all classes of business
  • For more information and to find out how you can get involved and assist in designing the future of the lead/follow solution at Lloyd’s, please email LeadFollow@lloyds.com

How lead/follow will create value for stakeholders


  • Cost savings, resulting from operational efficiencies, shared with the customer
  • Quicker complex claims handling through less duplication and greater leader authority
  • Faster market response times due to improved processes

Brokers and coverholders

  • Faster risk placement as duplication in the placement process is removed
  • Well considered and informed quote responses by best in class lead underwriters
  • Cost savings, resulting from operational efficiencies, shared with the customer
  • Follow capacity easier to source due to high lead standards


  • Leaders recognised as world class and innovative in chosen class
  • Reduced expenses due to removal of duplication