Welcome to Lloyd's in India

Our story in India

The Lloyd’s market has a long history of doing business with India – first mentions of trading between Lloyd’s and India have been found in the historical records of the Lloyd’s Coffee Shop and Edward Lloyd as early as 1688.

With the growth of the market and the need for reinsurance, we set up our reinsurance branch in Mumbai in April 2017. Given our expertise in complex and specialist risks, we aim to help support and protect India’s economic growth, particularly in risk classes identified as of primary importance in India – namely agriculture, infrastructure and disaster management.

In March 2026 Lloyd’s received authorisation to operate in the Gujarat International Finance Tec-City (“GIFT City”). This authorisation is separate and in addition to the Lloyd’s India platform in Mumbai.

Our work in the community

Lloyd’s is committed to improving lives and building resilience in the local community. Through the Lloyd’s Together programme we support local communities with projects that focus on education and employability, environment and sustainability, social welfare and health and disaster preparedness and relief.

In India, Lloyd’s has partnered with United Way in Mumbai to support the Anganwadi community who deliver early childhood education but as part of a holistic child development model, combining education, nutrition, and health.

Our solutions

There are several routes available through Lloyd’s to access the Indian market, including onshore and on a cross-border basis.

Lloyd's India

Lloyd's India is licensed by the Insurance Regulatory and Development Authority of India (IRDAI) as a Foreign Reinsurance Branch  to write reinsurance business in India. The licence allows Lloyd’s managing agents to set up a service company in India and underwrite reinsurance business in India.

Lloyd’s India is not allowed to write insurance business in India. Lloyd’s underwriters are also not licensed to write insurance in or from India.

When a Lloyd’s managing agent sets up a service company on the Lloyd’s India platform, their team will be able to underwrite reinsurance business as an onshore reinsurer in India.

Participants currently on the Lloyd’s India platform:

• Markel syndicate 3000 through Markel Services India Pvt Ltd 

Lloyd’s IFSC (GIFT City)

Lloyd’s is also licensed by the International Financial Services Centres Authority (“IFSCA”). The licence allows Lloyd’s managing agents  to  set up a service company in GIFT City, India, and underwrite business in  GIFT .

The platform provides access to a wide range of Indian reinsurance business, including from mainland India (DTA), GIFT City, other special economic zones and outside India.

Direct insurance is more limited; permitted within GIFT City, other Special Economic Zones and outside India where permitted, but only available within the DTA in limited scenarios.

Participants currently on the Lloyd’s IFSC platform:

• Niyam syndicate 2047 through Niyam Group Services IFSC Private Limited

For further information, please contact LloydsIFSC@lloyds.com.

More details can be found on Crystal+.

Local Partner

Multinational

Lloyd's have partnered with ICICI Lombard to enable Lloyd’s underwriters to place local policies across 13 lines of business in India. To access this route, Lloyd’s underwriters will need to sign  a one-off Reinsurance Agreement available upon request from the Multinational team.  ICICI Lombard will then issue local policies, with placement and documentation managed through the established process with Lloyd’s Multinational Team

Cross-Border Reinsurance

Lloyd’s underwriters are also able to underwrite Indian reinsurance business on a cross-border basis. To operate as a cross-border reinsurer, the participating syndicate must be registered with IRDAI. This is an established process that Lloyd’s supports and helps to facilitate annually.

Whilst the Indian market can be accessed on a cross-border basis, offering flexibility and avoiding the need for a local presence, this route is subject to the Order of Preference as prescribed by IRDAI in Reinsurance Regulations. This underscores the significance of having an onshore presence in India.