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Our purpose is to provide best, most innovative insurance solutions and excellent customer service.

About Us
Baltic Underwriting Agency, AB (hereinafter – BUNDA) is newly established insurance underwriting and claims management company.

Insurance and reinsurance giant Lloyd’s has authorised BUNDA to provide private persons and companies’ employees Personal Accident insurance for two of the Lloyd’s syndicates. This implies that BUNDA has a right to offer Personal Accident Insurance quotations and issue Insurance Policies in the name of Lloyd’s. Such status is widely recognised as “Coverholder”.

BUNDA being Lloyd’s Coverholder is able provide sophisticated insurance products: new lines, broader quality, higher sums that otherwise are scarce or not available on the Baltic Sea insurance markets.


Our mission is to be an innovative organization and first insurance choice for the insurance needs of the Baltic Sea markets by providing innovative solutions, trusted expertise, timely and professional service.


We intend to provide our customers with the best insurance solutions which solve their problems. We will constantly focus on innovating. We are the best in customer service. We are a great place to work where people are inspired to do the best they can. We achieve consistent growth.

What is Lloyd’s Coverholder?

Coverholders are an important part of business for Lloyd’s. Coverholders allow them to operate in foreign countries as if they are local insurers. Lloyd’s delegate their underwriting authority to Coverholders, with a contract known as a binding authority, and ensure financial security for their authorized insurance products.

Every potential Coverholder went through very detailed analysis and must prove that it meets a very high standards determinate by Lloyd’s, to achieve Coverholder status.

About Lloyd‘s

Lloyd’s of London is very strong and good reputation brand name recognized worldwide. Unlike many other insurance brands, Lloyd’s is not a company, Lloyd’s is the world’s leading speciality insurance and reinsurance market, where it’s members join together as syndicates to insure risk.

Around 90 syndicates are underwriting insurance at Lloyd’s, covering all classes of business. Together they interact with thousands of brokers daily to create insurance solutions for businesses in over 200 countries and territories around the world.

Lloyd’s enjoys strong financial security supported by excellent ratings. Visit for more information.

Our Team
We have selected some of the best specialists from insurance and other industries in the Baltic market, and continue to seek and employ some of the brilliant minds to provide fast and accurate risks underwriting and full claims handling services.

Kristina Penkaitienė


I began my insurance career in 2001 September, which was significantly marked by attacks of World Trade Center. After 14 years being corporate insurance broker and international advisory, I discover insurance once again – from Lloyd‘s Coverholder and Risk Underwriter side. Supported by the Agency‘s numerous talents, I believe we will be insurance alternative #1 to our clients and partners. Comprehensive, professional and timely characterize our work.

Sky is the limit, I trust

Everything is possible in this life. It all depends on our open minded thinking and creativity. I am driven by my moto: sky is the limit. Best time to see and discover own sky is while mountain skiing which I adore and travelling for the sake of new discoveries.
Phone+370 686 07700

Andrius Barauskas


Despite I graduated Political science, my career turned towards insurance industry. That was a coincidence, but after long years I am very happy with that. After six years in Life insurance business I realized that I need some changes, therefore I switched to non-life insurance, which is so broad and inexhaustible like the ocean. Three years of acquaintance with various insurance products, work with individual and corporate clients were full of challenges and new experiences. All these prompted me to choose a specialization of Risk underwriter and seek for deeper knowledge of Liabilities insurance, which I believe is one of the most difficult insurance lines in the area of non-life insurance.

Probably I am typical Lithuanian, who goes crazy about basketball. Actually I love any sports very much. However, it is not only the passion or activity it is also the mirror of the real life, where you have to fight for you and your teammates every day. Sport completes my leisure, gives me new experiences, helps me find new friends and gives me great emotions. It gives a lot and it does not ask nothing back.
Phone+370 698 50737