Cyprus-headquartered reinsurance brokerage COPE has been approved as a Lloyd's coverholder, the company has announced.
This designation marks a major step in COPE’s continued growth and affirms its operational strength, underwriting standards, and commitment to delivering client-focused solutions backed by the world’s leading insurance marketplace.
As a Lloyd’s coverholder, COPE now holds delegated authority to underwrite on behalf of Lloyd’s syndicates, enabling faster, more flexible responses to client needs while maintaining the highest level of regulatory oversight and underwriting discipline.
“This milestone reflects the trust Lloyd’s places in our team and our vision,” said ME Joseph Faddoul, CEO of COPE. “Becoming a Lloyd’s coverholder is more than a status — it’s a responsibility to deliver with precision, consistency, and integrity.”
This achievement further supports Cope’s mission to bring global capacity closer to local markets, across various lines of business. COPE operates primarily across the Middle East and Africa.