We have been supporting the Moroccan insurance industry for many years as an offshore reinsurer, and opened our Casablanca Finance City office in 2018.
Lloyd's was granted CFC status in 2018 and established an office in the Casablanca Finance City (CFC). The aim is to improve access to the Lloyd’s market and support capacity building across North West Africa. This will be vital for realizing sustainable development and building resilience for the future.
The CFC status allows Lloyd’s managing agents to appoint coverholders and service companies established in the CFC to underwrite Moroccan and regional (re)insurance business on their behalf.
This will enable the Lloyd’s market to provide specialist risk solutions for a range of risks including marine, aviation and other Moroccan risks where there are no solutions provided locally, and re-insurance of Moroccan risks and non-Moroccan risks (when permitted in the corresponding jurisdiction).