FIN.

Lloyd’s updates on Part VII and Brexit

Lloyd’s has confirmed that, as of the end of the Transition Period on 31 December, Members’ policies will be transferred to Lloyd’s Insurance Company SA. The affected policies will be those where all or part of the risk is in an EEA state or the policyholder is resident in the EEA. The scheme’s effective date was originally scheduled to be 29 October, but will now be 30 December, to allow more time for all participants to prepare.

Emma Radmore