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Lloyd's of London to apply for reinsurance branch in India

Lloyd's of Londonsaid April 1 that it intends to apply for a reinsurance branch in Mumbai, India,following the Insurance Regulatory and Development Authority of India's publicationof the regulations governing the Lloyd's market in the week beginning March 28.

A branch in Mumbai will allow local reinsurance brokers accessto Lloyd's underwriting expertise and its reinsurance solutions for complex andspecialist risks.