Lloyd’s has strengthened its multinational offering by signing a new agreement with Grupo Mexicano de Seguros (GMX) to act as its local partner in Mexico.
Lloyd’s multinational capabilities are a simple, global and compliant way to service customers wherever they are operating. This means policyholders can benefit from compliant coverage on a consistent basis across multiple territories and classes of business, without the need to arrange local policy placements (with some exceptions).
Building on the success of its initial local partner pilot with Sukoon Insurance in the UAE last year, this partnership with GMX marks another significant milestone in Lloyd’s strategy to expand access and options for market participants delivering global insurance solutions. The GMX partnership enhances Lloyd’s global partner network, which complements its existing licences to support the delivery of multinational programmes and local policies in over 80 territories, as well as the capability to write reinsurance business in more than 200.
