Insurance licence in Guernsey
Lloyd’s underwriters are permitted to write insurance business in Guernsey
Cameron Murray, Senior Manager, International Regulatory Affairs, International Market Access
22 December 2008
With Immediate Effect
Lloyd’s has obtained a licence which permits Lloyd’s underwriters to write general insurance business in Guernsey.
Before now Lloyd’s has been viewed as a ‘Recognised Insurer’ meaning that Lloyd’s underwriters have been permitted to write Guernsey insurance business from London on a cross-border basis.
However, the insurance licence now formally permits Lloyd’s underwriters to write insurance business locally through coverholders and for managing agents to establish service companies in Guernsey.
The current FIL codes remain in effect and are as follows:
F GUA1 GUA2 GUA3 GUA4
FIL Code Description Direct Insurance - Location of assured / risk in Guernsey Location of reinsured (FAC R/I) Location of reinsured (XL R/I) Location of reinsured (TTY R/I)
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