The IRDAI (Lloyd’s India) Regulations, 2016 (“the Regulations”) provides for the establishment of;
- reinsurance service companies promoted by a Lloyd’s managing agent, or
- reinsurance coverholders promoted by an Indian company.
This establishment of a service company or coverholder is subject to meeting specific criteria and meeting conditions such as co-location on the Lloyd’s India platform.
For further information on this criteria, please contact the Lloyd’s India Country Manager.