Question 1

Who is Marsh and why does their FCA registration matter?

Accepted Answer

Marsh is one of the world's largest insurance broking firms, regulated by the UK's Financial Conduct Authority under registration #307511. FCA regulation imposes conduct standards, professional indemnity requirements, and market access rules that provide depositors confidence in the placement's professional integrity and enforceability.

Question 2

Does the $250M coverage apply per depositor or across all LCORE clients?

Accepted Answer

The $250M represents the policy limit for the master vault program. LCORE maintains sub-limits and manages concentration risk to ensure adequate coverage relative to total insured value. Institutional clients depositing large positions should request confirmation of available sub-limit coverage at onboarding.

Question 3

What events are covered under LCORE's Lloyd's vault policy?

Accepted Answer

The all-risk policy covers theft (including armed robbery and mysterious disappearance), physical damage, fire, flood, and transit risk within the insured perimeter. War, nuclear, and cyber risk exclusions are standard; LCORE can facilitate supplemental policies for clients requiring extended coverage.

How to Insure Gold With Lloyd's of London Through LCORE's Vault Program

How to Insure Gold with Lloyd's of London