Lloyd’s further expands its multinational capabilities with new local partner in India

Lloyd’s is continuing to strengthen its multinational offering by signing a new agreement with ICICI Lombard General Insurance Company Ltd to act as its local partner in India. Expanding global access for market participants and a creating an efficient and flexible Lloyd’s marketplace.

This partnership adds to Lloyd’s established global footprint, which already enables the delivery of multinational programmes and local policies in more than 80 territories, alongside reinsurance capabilities spanning over 200 countries and territories. Together, these capabilities offer a coherent framework for servicing clients with international operations.

How will Lloyd’s partner with ICICI Lombard?
Under this new agreement, ICICI Lombard will issue local policies on behalf of managing agents for selected lines of business. Managing agents can request local policies through the Multinational team, who will coordinate directly with ICICI Lombard to produce the required documentation.

Lloyd’s oversight on general performance, premium collection, claims handling and policy issuance will apply, with no additional cost to managing agents.

This development offers Lloyd’s market participants enhanced access to a key market, supported by a trusted local partner, competitive rates, and the strength of Lloyd’s global infrastructure and expertise.

Lloyd’s Multinational Programme
Lloyd’s multinational capabilities are a straight-forward, global and compliant way to service customers wherever they are operating. Policyholders can benefit from coverage on a consistent basis across multiple territories and classes of business, without the need to arrange local policy placements (with some exceptions).

How can I find out more?
For more information on the ICICI Lombard partnership or Lloyd’s wider local partner network, visit our local partner webpage or contact the Multinational team at multinational@lloyds.com.

For more information on Lloyd’s wider Multinational offering, visit the dedicated webpage.