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Lloyd's transfers its European activities to Brussels

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Magazine Issue: 
The year of Covid-19 [3]
Magazine date: 
Nov 2020

LloydLloyd's of London has received final approval from the High Court of England and Wales to transfer its European Economic Area (EEA) operations to its Brussels-based subsidiary, Lloyd's Insurance Company (Lloyd's Europe). The establishment of Lloyd’s Europe was first announced in the wake of Britain’s vote to leave the EU.

The transaction will take effect from 30 December 2020. All existing European activities in London will then be transferred to Brussels.

Approved and regulated by the National Bank of Belgium, Lloyd's Europe Lloyd's Brussels [4] started operating in early 2019. The company is able to underwrite non-life risks in all 30 countries of the EEA.

Wed, 02/12/2020 - 16:40

Source URL: https://www.atlas-mag.net/en/article/lloyd-s-transfers-its-european-activities-to-brussels

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[3] https://www.atlas-mag.net/en/issue/the-year-of-covid-19
[4] https://www.atlas-mag.net/en/article/lloyd-s-brussels-a-turnover-of-28-billion-usd-in-2019