Lloyd’s Brussels (Lloyd’s Insurance Company S.A.) has been assigned the same financial ratings as Lloyd’s by ratings agencies A.M. Best, Standard & Poor's and Fitch Ratings.
- A.M. Best: A
- Standard & Poor’s: A+
- Fitch Ratings: AA-
Vincent Vandendael, Chief Executive Officer of Lloyd’s Brussels, said:
“These ratings recognise the importance of Lloyd’s Brussels as an insurer for risks from the European Economic Area, and it means that our partners and clients across the region will continue to benefit from Lloyd’s strong financial ratings and the security of our central fund. The EEA has always been an important market for Lloyd’s, and meeting the insurance needs of companies and organisations is how we became the world’s leading insurance market. Setting up a subsidiary in Brussels is a continuation of that fine tradition.”
Lloyd’s announced in May that it had received licence approval from the Belgium regulator for Lloyd’s Brussels to write non-life risks across the European Economic Area (EEA).
Lloyd’s Brussels is now established and operational, with executive committee and board based in the Belgian capital. Meanwhile, Lloyd’s continues to recruit for approximately 40 roles to be based in Brussels, with details of available roles at lloyds.com/careers.
Regulated by the National Bank of Belgium and fully Solvency II compliant, Lloyd’s Brussels will start writing business from 1 January 2019.