By providing international trading advice and assistance, LITA helps to meet two key Lloyd’s objectives: ensuring international regulatory requirements are met and protecting Lloyd’s licences. Up-to-date information and advice on legal, fiscal and regulatory issues is an important ingredient in the transaction of international business. Without such guidance, there is a risk that underwriters, and those acting on their behalf, may act in ways that insurance regulators and other authorities view as non-compliant, possibly leading to the imposition of fines or other penalties, or even threatening Lloyd’s overall trading position in a market.
LITA provides:
- Guidance on specific questions relating to country-specific regulatory and taxation requirements.
- Tailored briefings for market participants on a topic or country of interest.
- Educational/briefing sessions from various representatives from Lloyd’s.
- Briefings on sanctions and money laundering.
- Opportunities to meet with Lloyd’s overseas representatives when they are in London.
Online
For quick and easy access to Lloyd’s international regulatory and taxation information, visit Lloyd’s online business tool Crystal at www.lloyds.com/Crystal
On site
Visit the Lloyd’s International Trading Advice (LITA) desk on the Ground Floor in the Underwriting Room. Telephone +44 (0)20 7327 6677 Email LITA@lloyds.com
