23-10-2017 16:02 via insuranceinsider.com

Lloyd's applies for Brexit hub licence

Lloyd's has filed an application with the Belgian regulator to
form an insurance company that will allow it to continue to write
European Economic Area business after Brexit takes effect.
The application was filed with the Belgian central bank in
mid-October following lengthy pre-application discussions.
With the gestation of Brussels-based Lloyd's Insurance
Company SA broadly progressing as planned, the market should be on
track to write business via the entity for the January 2019
renewals.
As
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