The Ambassador was given a tour of the underwriting floor and had the opportunity to meet market participants and gain a better understanding of how the market operates and the unique strengths of the Lloyd’s platform.

Commenting on the ambassador’s visit, Vincent Vandendael, Lloyd’s Chief Commercial Officer, said: “We are very pleased to host the ambassador at Lloyd’s today. This is a great opportunity to foster closer ties with the Belgian government and for the ambassador to see exactly how Lloyd’s operates and meet some of the market’s specialist underwriters.”

Lloyd’s has previously announced plans to open a European subsidiary in Brussels, which will ensure that customers based in the EU are able to access the Lloyd’s market as seamlessly as possible after Brexit. Lloyd’s submitted its application to the Belgian regulator in October.

Lloyd’s new Brussels subsidiary will be a fully-fledged insurance company, with executive committee based in Brussels, fully capitalised and regulated by, and reporting to, the Belgian regulator.