Lloyd’s to open branch in India

  • 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.
Date:19th January 2017
Source : http://bit.ly/2jCkctJ