Lloyd’s to apply for onshore reinsurance license in Malaysia

Business

July 31, 2015

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Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments. The announcement that Lloyd’s will apply for a “Tier 1 license”, and open an office in Kuala Lumpur, follows some months of discussions between Lloyd’s and the Malaysian authorities.

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