Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 23rd of May 2018
January 7, 2009

Lloyd’s receives licence to operate in Guernsey

by David Masters

Story link: Lloyd’s receives licence to operate in Guernsey

Lloyd’s of London has been granted a licence to write direct insurance business in Guernsey.

The licence allows Lloyd’s underwriters to establish service companies on the Channel Island, and to write business locally through cover holders and managing agents.

Previously Lloyd’s insurers were only permitted to write insurance business in Guernsey as ‘recognised insurers’, working from London on a cross-border basis.

 

News posted:



Related stories to Lloyd’s receives licence to operate in Guernsey: