Posted on 04 Nov 2010
Lloyd’s will open a representative office in Russia in 2011 to explore opportunities in the Russian market.
Lloyd’s Russia is expected to open mid next year subject to regulatory approval, though it will not be a base for underwriting.
Jose Ribeiro, director of International Markets Lloyd’s said: “Now is the right time to develop a small presence in Moscow. The new Russia country manager will be well placed to make informed decisions on behalf of the Lloyd's market as well as promoting and explaining it to local insurers and brokers."