An introducer is generally a party that has very astute networking skills, but for a variety of reasons decides not to become a party licensed by the appropriate regulatory body of the country or state where he or she resides, and provides actions, deemed purely as introductions.
Generally an introducer is not allowed to provide financial advice, as this is deemed a regulated activity.
Where an introducer acts under the umbrella of another entity that is regulated to conduct insurance activities he generally does under this authority. Insodoing the Introducer assumes and positions himself as party to a "Master and Servant" relationship.
Generally the details of the relationship need to be documented and a copy lodged with the relevant Insurance Regulator. In such circumstances the party forms the position of an Appointed Representative and can undertake the work of regulated insurance activities.
We are working with a number of Lloyd's Underwriters who are keen to underwrite business in the USA. For a confidential discussion please contact us.