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International

China: Lloyd's gets license to establish branch office in Beijing

September 17, 2014 Reprints

Lloyd's of London has secured a license to set up a new office in Beijing as part of its business expansion plans in China, Asia Insurance Review reported.

John Nelson, chairman of Lloyd's, has said that China offers huge growth potential for Lloyd's. Lloyd's already has an underwriting office in Shanghai. Lloyd's underwriters in China provide several products for "specialist marine cargo, renewable-energy technology and agriculture lines," among others, Mr. Nelson said.

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China: Lloyd's gets license to establish branch office in Beijing

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