The world’s specialist insurance and reinsurance market Lloyd’s has received licence approval from the National Bank of Belgium for its new Brussels subsidiary, Lloyd’s Insurance Company, and has named Vincent Vandendael as its new CEO.
The licence means Lloyd’s Brussels will be able to write non-life risks from the European Economic Area (EEA) after the UK leaves the European Union in 2019, ensuring that Lloyd’s customers can continue to access the market’s specialist underwriting.
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