Lloyd's New Partnership with Grupo Mexicano De Seguros (GMX) To Enhance Multinational Insurance Offerings in Mexico
- Written by: iPMI Global
- Category: iPMI Insights
In this iPMI Global insights article, we look at Lloyd's strategic expansion of its multinational insurance capabilities through a new partnership with Grupo Mexicano de Seguros (GMX) in Mexico. This collaboration allows Lloyd's to offer compliant and consistent insurance coverage across various territories, bypassing the need for separate local policy arrangements in many cases. GMX will issue local policies for specific lines of business, streamlining the process for managing agents. This initiative builds on previous successful partnerships, aiming to enhance Lloyd's global network and provide market participants with improved access to key markets and a broader range of insurance solutions.