Our multinational capability

Lloyd’s is unique as a global insurer of multinational customers. Not only do we have global reach with around 80 insurance licences and capability to write reinsurance business in over 200 territories, the substantial majority of our licences permit us to provide coverage on a cross-border basis. This means that policyholders can benefit from compliant coverage on a consistent basis across around 80 territories and multiple classes of business without the need to arrange local policy placements (some exceptions apply).

Lloyd’s flexibility allows for consistency of policy wordings, policy management, premium collection and claims settlement using central services. To ensure that we comply with the regulatory requirements for our licences, we provide detailed regulatory guidance to support these placements across our extensive footprint.

Lloyd’s approach to multinational business eliminates much of the expense and administrative overhead associated with the multinational coverage structure common in the company market (a global master policy with multiple local policies).