The London market is cleared to write general insurance business in Guernsey
Lloyd’s of London has obtained a licence to write direct general insurance business in Guernsey.
A statement read: ‘Before now Lloyd’s has been viewed as a ‘Recognised Insurer’, which has meant underwriters have only been permitted to write Guernsey insurance business from London on a cross-border basis. The new licence permits Lloyd’s underwriters to write insurance business locally through cover holders and for managing agents to establish service companies in Guernsey.’
