Specie Insurance| Precious Metals | Hong Kong
Anglo East Surety Limited is one of Hong Kong’s longest-established specie insurance coverholders for Lloyd’s of London. We provide direct underwriting authority for precious metals vault storage, custodial liability, and marine cargo transit — backed by the Lloyd’s market rated AA- by S&P Global.
WhatsAppINSURANCE AUTHORITY
Licence No. FA2962
LLOYD’S STATUS
Approved Coverholder
SECURITY RATING
S&P Global AA-
ESTABLISHED
1984 · Hong Kong
Anglo East Surety Limited holds a binding authority agreement with Lloyd’s of London syndicates, authorising us to underwrite and issue specie insurance policies directly in Hong Kong. We have placed some of the largest specie risks in Hong Kong, serving banks, financial institutions, vault operators, gold refiners, and precious metals dealers.
As a coverholder with direct binding authority, we offer a streamlined placement process with no intermediary broker required. For capacity requirements exceeding our binding authority limits, we access the broader Lloyd’s market through our London broker arrangements — managed entirely by Anglo East as your single point of contact.
| Key Features | Traditional Brokerage | Anglo East Direct Binding |
|---|---|---|
| Turnaround Time | 7–14 Days | 2–3 Days ✓ |
| Intermediary Fees | Applicable (20%) | Zero / Nil ✓ |
| Points of Contact | 3–4 (Agent, Broker, Underwriter) | Single Point of Contact ✓ |
| Claims Process | Multi-layered / Indirect | Direct Handling ✓ |
| Local Support | Subject to Delays | 24/7 Hong Kong Support ✓ |
As a Direct Underwriter with Lloyd’s binding authority, Anglo East eliminates unnecessary intermediaries, ensuring faster turnaround, reduced costs, and dedicated local support.
What we provide
Protecting your institution’s physical assets and custodial responsibilities with bespoke, all-risks coverage tailored for the Hong Kong financial sector.
We provide All-Risks protection for bank vaults housing gold bullion, precious metals, and high-value assets. Our coverage is designed for financial institutions operating safe deposit facilities and allocated/unallocated gold storage programs.
Perils Covered: Fire, flood, earthquake, theft, burglary, employee dishonesty, and mysterious disappearance.
Asset Scope: Covers both proprietary holdings and client assets held under custodial arrangements.
Mitigate the fiduciary exposure associated with storing third-party precious metals. This specialized liability coverage protects institutions against claims arising from the loss, damage, or diminution of client assets.
Legal Defense: Comprehensive coverage for legal costs and professional compensation.
Fiduciary Protection: Tailored for vault operators and banks managing high-net-worth custodial accounts.
Ensure seamless, vault-to-vault and point-to-point protection for high-value consignments. Our transit insurance covers land, sea, and air movements globally.
Operational Reach: Includes inter-branch transfers, refinery movements, and final client deliveries.
Risk Mitigation: All-risks coverage against armed robbery, vehicle incidents, and accidental damage during transit.
Customized risk management for LBMA-accredited and local gold refiners, smelters, and bullion dealers.
Specialized Terms: Coverage includes stock on premises, Work in Progress (WIP), goods in transit, and consignment risks.
Local Expertise: Specifically aligned with the operational requirements of Hong Kong’s gold refining and trading hubs.
Our flagship product, underwritten continuously in Hong Kong for over 42 years under Lloyd’s binding authority. This is the industry standard for comprehensive “All-Risks” protection.
Target Sectors: Jewellery manufacturers, wholesalers, retailers, and diamond dealers.
Integrated Coverage: A single policy combining premises stock, transit, and exhibition protection.
How we work
Claims
All policies issued by Anglo East are Lloyd’s of London policies, backed by the Lloyd’s Central Fund and the financial security of participating syndicates. Lloyd’s maintains an S&P Global rating of AA- (Very Strong), providing institutional-grade claims-paying certainty.
In the event of a claim, Anglo East acts as your direct point of contact and manages the process through Lloyd’s established claims procedures. Our Hong Kong presence means claims are handled locally with an understanding of the regulatory and commercial context.
Lloyd’s has paid claims continuously for over 335 years and maintains one of the strongest claims-paying records in the global insurance market.
Why Anglo East?
Over 40 years of specialized risk management for precious metals in Hong Kong.
Specialists in complex risks for gold refiners, and CGSE dealers.
Proven security for high-value physical bullion and custodial liability.
Official Lloyd’s Coverholder with direct binding and underwriting power in HK.
All policies are backed by the Lloyd’s market, rated AA- by S&P Global.
Backed by the 350-year historic strength and claims certainty of Lloyd’s of London.
Fully licensed by the HK Insurance Authority (FA2962) under global standards.
Trusted by premier gold refiners and international vault operators.
Local HK-based experts managing placement, administration, and claims.
Who we serve?
Vault storage and custodial liability coverage for banks operating precious metals custody, allocated and unallocated gold accounts, and safe deposit services. Marine cargo coverage for bullion shipments and inter-branch transfers.
All-risks storage and custodial liability for independent vault operators, freeport facilities, and safe deposit providers holding client valuables and precious metals.
Comprehensive cover for LBMA-accredited and local refiners, gold dealers, and bullion traders operating in Hong Kong’s precious metals market.
Marine cargo and transit coverage for armoured carriers and specialist logistics companies transporting precious metals and high-value consignments.
Jewellers block and all-risks coverage for Hong Kong’s jewellery manufacturing, wholesale, and retail sectors, from raw material through finished goods and export.
Coverage for precious items consigned for auction, including in-transit, storage, viewing periods, and sale events at major auction houses.
Whether you require vault storage coverage, custodial liability, precious metals transit insurance, or a comprehensive specie programme, we are ready to assist.
Hotline: +(852) 2866 3121
Email: angloeast@aeg.com.hk
WhatsApp
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