Under this new agreement, ICICI Lombard will issue local policies on behalf of managing agents for selected lines of business. Managing agents can request local policies through the Multinational team, who will coordinate directly with ICICI Lombard to produce the required documentation.

London:Lloyd’s of London is continuing to strengthen its multinational offering by signing a new agreement with ICICI Lombard General Insurance to act as its local partner in India.

Under this new agreement, ICICI Lombard will issue local policies on behalf of managing agents for selected lines of business. Managing agents can request local policies through the Multinational team, who will coordinate directly with ICICI Lombard to produce the required documentation.

Lloyd’s oversight on general performance, premium collection, claims handling and policy issuance will apply, with no additional cost to managing agents.

This development offers Lloyd’s market participants enhanced access to a key market, supported by a trusted local partner, competitive rates, and the strength of Lloyd’s global infrastructure and expertise.

This partnership adds to Lloyd’s established global footprint, which already enables the delivery of multinational programmes and local policies in more than 80 territories, alongside reinsurance capabilities spanning over 200 countries and territories. Together, these capabilities offer a coherent framework for servicing clients with international operations.

Lloyd’s Multinational Programme
Lloyd’s multinational capabilities are a straight-forward, global and compliant way to service customers wherever they are operating. Policyholders can benefit from coverage on a consistent basis across multiple territories and classes of business, without the need to arrange local policy placements (with some exceptions).