Lloyd's obtains licence to write direct general insurance business in Guernsey 
(13/01/2009)
Lloyd’s has obtained a licence to write direct general insurance business in Guernsey.
Before now Lloyd’s has been viewed as a ‘Recognised Insurer’, which has meant underwriters have only been permitted to write Guernsey insurance business from London on a cross-border basis.
The new licence permits Lloyd’s underwriters to write insurance business locally through cover holders and for managing agents to establish service companies in Guernsey.
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