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I am an employee of Chedid Re who has recently become a Lloyd's broker. Many requirements have to be met in order to be registered as a Lloyd's broker such as:
- Regulatory approval by a relevant authority in an EU member state or the FCA
- Appropriate procedures to be impelemented in order to conduct business in Lloyd's markets
- Support from at least3 Lloyd's MA
- Having a suitable PI policy in place
- Willing to use ACORD standards
