Lloyd's of London says India reinsurance branch to open by April | Reuters

 Lloyds of London says India reinsurance branch to open by April
| Reuters

LONDON Lloyd's of London said on Thursday it received final regulatory approval for its reinsurance branch in India and will open in time for April reinsurance renewals.Lloyd's, the world's largest specialty insurance market, has been expanding in emerging markets to try and regain declining market share."Lloyd's will help to share and develop expertise across the industry to position India as an international centre for insurance and reinsurance," chairman John Nelson said in a statement.

Lloyd's, one of the most vocal of City institutions in calling for access to Europe's single market following Brexit, is planning to make a decision by April on setting up a subsidiary in the European Union.

(Reporting by Carolyn Cohn. Editing by Andrew MacAskill)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.

Updated Date: Jan 19, 2017 17:10:19 IST