How to place risks with Lloyd's after Brexit

Check the frequently asked questions about the Lloyd's subsidiary in Brussels

  • How does Lloyd’s Brussels operate?

    The Lloyd's Brussels subsidiary is a fully functional insurance company, able to write risks from all EEA countries via our current distribution channels of brokers, coverholders, and syndicates.

  • Who is the insurer and who will pay claims?

    Lloyd’s Brussels is the insurer and will pay the claims.

  • What risks is Lloyd's Brussels able to write?

    Lloyd's Brussels is able to write all non-life EEA risks.

  • What does this mean for brokers?

    Lloyd's Brussels ensures that Lloyd’s brokers can continue to place EEA risks in the Lloyd’s market.

    We value our partnership with brokers and Lloyd’s will continue to be a brokered market. Brokers will be able to continue to use the same distribution network as they do today.

  • How will brokers place EEA risks at Lloyd’s after the UK leaves the European Union?

    Insurance business from EEA countries will be placed with Lloyd’s Brussels through our broker and coverholder network.

    Read more here about Reinsurance post Brexit

  • What does this mean for coverholders?

    Coverholders are Lloyd’s trusted distribution partners and an integral part of our growth strategy. Lloyd's Brussels continues to do business through our coverholder network, and we are working with coverholders as we adapt to the new model.

  • What does this mean for policyholders?

    Policyholders will still have access to the same choice of expertise and coverage that they get from Lloyd's today. Brokers and policyholders can access Lloyd’s innovative policies through Lloyd's Brussels.

    Lloyd’s is working on transferring all European Economic Area (EEA) business to Lloyd’s Brussels before the end of 2020 via a Part VII portfolio transfer. 

    In the event that the UK leaves the European Union before then with no transition or implementation period, Lloyd’s underwriters will continue to honour their contractual commitments including the payment of valid claims. 

    Lloyd’s expects that this will have the support of all European regulators as it goes to the heart of treating customers fairly. In the event that it does not, Lloyd’s will direct its underwriters, or take such other steps, to ensure that contractual commitments are met in full whilst the Part VII transfer is being completed. Lloyd’s approach has the full support of the UK’s Financial Conduct Authority.

  • Who regulates Lloyd’s Brussels?

    The Lloyd's Brussels subsidiary is a fully operational, capitalised insurance company under Solvency II. It is authorised and regulated by the National Bank of Belgium and regulated by the Financial Services and Markets Authority.

Foreign Account Tax Compliance Act (FATCA)


Lloyd’s Brussels does not write US risk. For insurance premium, including US premium, paid to Lloyd’s syndicates, the single Lloyd’s market W-8 IMY will be sufficient for FATCA purposes. Further detail is available on the Lloyd’s FATCA pages.

Lloyd’s Brussels W-8 BEN



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