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May 2016 Lloyd’s is striding to apply for licence in India, a move that will enable it to set up a branch in Bombay.
This local outlet will provide Indian reinsurance brokers with direct access to innovative solutions and to expertise of the London market, especially with regards to specialty risks such as agriculture, infrastructure and natural catastrophes.
From Great Britain and Singapore, Lloyd’s is pursuing a centennial reinsurance relationship with India where it underwrote approximately 179 million USD in premiums in 2015.