trending Market Intelligence /marketintelligence/en/news-insights/trending/sjkatrfka_dsrxp45f05ea2 content esgSubNav
In This List

Lloyd's: Underwriters will honor commitments in 'hard Brexit' scenario

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Lloyd's: Underwriters will honor commitments in 'hard Brexit' scenario

Lloyd's of London is looking to move all of its European Economic Area business to its Brussels subsidiary before the end of 2020.

The market has given assurances that underwriters will meet their contractual obligations even if the U.K. departs the European Union without a transition period before the transfer is complete.

The guarantee includes payment of valid claims. The Brussels subsidiary can begin writing all of Lloyd's EEA business starting Jan. 1, 2019.