LLOYD's hints at LatAm expansion

17 September 2014 — Mihaela CIRCU
LLOYD's of London may set up a hub in South America over the next 5 to 7 years, according to John NELSON, Chairman of LLOYD's.

"I will be surprised if there isn't something in South America at some point. To be clear: we have no immediate plans, but in five year's time, seven year's time, I would be surprised in there wasn't something there", NELSON said in an interview for Insurance Insider, at Monte Carlo.

The statement comes, after, earlier this year, Lloyd's announced that it is set to establish its Dubai branch by the end of 2014, as part of its global expansion strategy.

Also, Lloyd's of London received a license to establish a branch office in Beijing which will help to expand its China operations. Lloyd's already opened an underwriting office in Shanghai in 2007.

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