Lloyd’s market engaging with US government over Gulf maritime plan, officials say

LONDON: The Lloyd’s of London market is engaging with the US government’s International Development Finance Corporation ​over a plan to provide political risk insurance and guarantees for maritime trade in the Gulf, Lloyd’s market officials said on Thursday. “Lloyd’s is engaging constructively with the US Development Finance Corporation and relevant stakeholders, with a clear focus on ensuring that the Lloyd’s market continues to lead ‌as the global ‌center of excellence for ​war ‌risk ⁠insurance,” a ​Lloyd’s spokesperson ⁠said.

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