Lloyd’s announced that it has obtained a license to write direct general insurance business in Guernsey.
“Before now Lloyd’s has been viewed as a ‘Recognized Insurer’, which has meant underwriters have only been permitted to write Guernsey insurance business from London on a cross-border basis,” the bulletin explained.
“The new license permits Lloyd’s underwriters to write insurance business locally through cover holders and for managing agents to establish service companies in Guernsey.”
Source: Lloyd’s – www.lloyds.com
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
US Supreme Court Rejects Trump’s Global Tariffs 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
