Lloyd’s Warns on Australian Stock Broker Coverage

August 14, 2006

Lloyd’s issued a bulletin warning that an Australian stock brokerage firm called The Armitage has been falsely claiming to have coverage from Lloyd’s.

Lloyd’s said it “has become aware” that Armitage, which it said is “based at Level 20, Tower 2, 201 Sussex Street, Sydney, Australia,” has been “representing it has arranged investment insurance coverage at Lloyd’s to the Australian and New Zealand public as well as having other associations with Lloyd’s.”

However, Lloyd’s warned, “no such insurance coverage has been arranged and no association between Lloyd’s and The Armitage exists. Similarly, the Armitage does not and has never held any authority on behalf of Lloyd’s underwriters to bind or accept insurance business or issue insurance documentation.”

The announcement asked anyone who has “been approached by the Armitage in relation to alleged insurance cover at Lloyd’s or a relationship with Lloyd’s, to please contact Lloyd’s at regulatoryliaison@lloyds.com.”

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