ARTICLE · 17 MARCH 2017

Lloyd's Of London In India

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Lloyd's of London ("Lloyd's") has recently obtained final regulatory approval from the Insurance Regulatory and Development Authority of India ("IRDAI")...

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Andrew Holderness

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Lloyd's of London ("Lloyd's") has recently obtained final regulatory approval from the Insurance Regulatory and Development Authority of India ("IRDAI") to provide onshore reinsurance services in India. Further to this, Lloyd's has confirmed they will open their reinsurance branch in Mumbai, in time for the major reinsurance renewals coming in April 2017.

Use of Lloyd's India market platform

Syndicates and Managing Agents of Lloyd's, who wish to participate in Indian reinsurance business through Lloyd's India market platform, can do so by setting up a Service Company in India in accordance with the following criteria:

A Service Company may be a private or a public limited company with a minimum capital of INR 0.5 million

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