Corporate Member Services

Callidus is currently one of the only firms providing comprehensive administration services to Direct Corporate Members.  Callidus has provided these services ad hoc since 2010 but the operation was expanded considerably in 2017 when Leadenhall Insurance Consultants Ltd ceased trading and the majority of its clients transferred to Callidus. We now work with around 20 Direct Corporate Participants, representing over 10% of the Lloyd’s market capacity. 

In addition to managing the routine administration of the Lloyd's timetable and financial transactions for DCPs, our consultants maintain a close working relationship with clients.  Through regular information flows and meetings, they can deal with queries as they arise and explain the complexities of the Lloyd’s requirements in advance so there are no surprises.  This two-way interaction also ensures that we are able to advise of any likely developments that may impact for your Corporate Members, allowing us both to plan appropriately.

Our services are primarily aimed at the larger DCPs, most often backed from within the insurance industry, who are able to make the financial decisions for themselves. However, if your OPL is around £10m, are considering incorporating and/or consolidating with family members then we may be able to offer an alternative to the traditional Members Agency.  However, this service is strictly non-advisory. 

Charging Structure

Our charging structure is simple and transparent and does not include any capacity based charges or profit commission.  We are happy to agree a fixed fee, dependent on the complexities of your current and proposed Lloyd’s arrangements, and we are confident that this provides genuine value for money. With this in mind, we believe that our services may be of interest to current or proposed DCPs or Names considering incorporating or consolidating syndicate participations.

Access to Syndicates / Lloyd's Auctions

Callidus does not arrange capacity on syndicates or provide advice in the traditional way that a Lloyd’s Members’ Agent would do.  We are, however, able to administer any transactions that a DCP may wish to enter into through the Lloyd’s auction process.  Callidus has the systems and staff to facilitate this on your behalf, provided we are given precise instructions as to the bid or sale price desired by you for any syndicate. 

High Net Worth members or family groups

We are also able to offer our services to Members of Lloyd’s who wish to transition to Direct Corporate Member status.  This service is likely to be considerably cheaper than a standard Members’ Agent arrangement but is only suitable for those members who are able to make their own decisions regarding syndicate participations and transactions and whose OPL is at least £5m.  

 

 

If you are interested in transferring to Callidus at the next opportunity (the standard members’ agent agreement requires notice to be given by 30th September for the following year) then please contact Mike Glover for a no-obligation, confidential discussion.

Accounting and Tax

The Accounting Services comprise the maintenance of the accounting records, preparation of quarterly management accounts (as an optional extra), preparation of the statutory accounts and corporation tax computations and other Lloyd’s accounting or tax related returns.  It also includes the preparation of the year-end audit file and liaison with the auditors and tax advisors, Lloyd’s and Managing Agents. Callidus has many years of experience in this area and currently services clients with complex quota-share arrangements and multiple syndicate participations.

 

 

Callidus can provide a competitive fixed fee relative to other providers or in-house – the level of fee is dependent upon the complexity of quota share arrangements, number of syndicate participations and maturity of syndicate portfolio in terms of closed/open years. Please contact David Thorne for more information.

Company Secretarial support

Callidus staff have many years experience in handling all aspects of Lloyd’s Members’ administration, as well as in the broader areas of compliance and Company Secretarial services in the Lloyd’s and London Insurance Market.  In particular, most clients find it more practical and cost effective to utilise our Company Secretarial services alongside our Corporate Member administration services .

Contact a member of the Corporate Members team for more information:

IMG_8748.JPG

Mike Glover

Managing Director

Charles Rayner

Senior Compliance Consultant

IMG_8766.JPG

Louise Whittaker

Fiduciary Consultant

IMG_8806.JPG

David Thorne

Senior Associate

(Accounting)

Callidus Support Team

Callidus employees are both technical specialists and generalists. The support team are trained to understand each of the four core service areas of the business. We believe that this is the best and most cost-effective way to provide the administrative and technical support that Clients expect, ensuring someone is always on hand available to provide a timely response to requests.  Members of the support team rotate on a regular basis around the different areas, whilst at the same time carrying out specific functions within Callidus.

Callidus Solutions Limited is part of Callidus Group Limited. Callidus Solutions Limited is registered in England and Wales. Our Registered Office is 54 Fenchurch Street, London, England, EC3M 3JY and our Registered number is 09939234. VAT Registration Number 292219594.

Copyright © 2020 Callidus Solutions Limited.

All Rights Reserved.

  • LinkedIn - White Circle