Supporting Colombia’s insurance industry for more than 20 years.
Lloyd’s was first registered in Colombia as a foreign reinsurer in 1999, however, it was until 2015 that we applied for a license to have a local representative office, which was finally opened in 2016. At the moment, there is one Lloyd’s Managing Agent located in Colombia.
Through our main distribution channels of brokers and coverholders, Lloyd’s continue to serve clients when needing reinsurance capacity, both for Treaty and Facultative business.
Lloyd’s Managing Agents are not licensed to write insurance in or from Colombia. However, by exception, Lloyd’s Managing Agents based in London and Lloyd’s Coverholders outside of Colombia can underwrite Marine, Aviation and Transport (MAT) and Space insurance risks located in Colombia on a cross border basis only.
This is because Lloyd’s is registered as a foreign insurer offering Marine and Aviation Transport and Space Launching Transport (including satellites) Insurance (RAIMAT) in Colombia.
Lloyd’s is registered as a foreign reinsurer (REACOEX) in Colombia.
Therefore, Lloyd’s Managing Agents based in London and Lloyd’s Coverholders outside of Colombia underwrite risks located in Colombia on a cross border basis.
Managing Agents can also underwrite inside Colombia if they appoint an individual to act as a Managing Agent Delegate in the Lloyd’s Colombia Representative Office.