Lloyd’s Brussels subsidiary in January 2019
Thursday, 01 18 2018, Category: Insurance and Reinsurance, Country: Europe
Lloyd’s of London Chief Executive Officer (CEO) Inga Beale confirmed that the marketplace is set to begin operations in Brussels next January.
Lloyd’s announced in March 2017 that it had selected Brussels, Belgium, as its European Union home with the aim being to be ready to underwrite business there for the 1st January 2019 renewal season.
The Brussels base will enable Lloyd’s to underwrite risks from all 27 European Union and three European Economic Area states after the United Kingdom has left the EU, enabling the market to provide clients with continuity and ongoing access to underwriting products and services.