Lloyd’s is a world specialist reinsurance market, combining global insight with local knowledge.
Lloyd’s has got the approval from IRDA to open its branch in India.
John Nelson, chairman Lloyd’s, said that it’s a great moment for the company as it has got access to world’s fastest growing economy.
The company will be able to bring expertise and specialist capacity to India’s insurance industry partnering with local insurance business houses.’
The local partnering will help the company build new solutions for protection of asset base focusing particularly on agriculture, infrastructure, and disaster management.
