Lloyd’s opens new, bigger office in CapitaGreen

Insurance giant Lloyd’s on Wednesday (Nov 4) opened its new, bigger office in CapitaGreen, as it looks to expand its presence and tap regional growth.

Lloyd’s has been operating in Singapore since 1999. It has grown to 20 service companies with 24 syndicates and more than 380 employees, making it Lloyd’s largest hub outside London.

Lloyd’s chief executive officer Inga Beale, who was in Singapore to open the new office, said the new location affirms Lloyd’s intent to grow its business in the region.

She said: “Singapore is very clearly becoming the insurance and reinsurance hub for the region. I think it’s the perfect combination for Singapore to become a real hub for insurance and reinsurance in the region.”

Source : Channel NewsAsia – 4 Nov 2015