Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the region’s four billion people.
There are “incredible” opportunities in Asia as people add assets they want to protect, Inga Beale , the chief executive officer of Lloyd’s of London, said in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland. The company is also optimistic on the U.S. market, while question marks remain over Europe, she said.
Beale has extended the reach of Lloyd’s, which was founded in 1688, since taking over in 2014, opening branches in India and Beijing. She is also helping the insurer navigate Brexit, announcing in March that the company chose Brussels as its European Union hub following the U.K. vote to leave the bloc.
Here are some of her key comments from Friday’s interview:
Watch the full interview with Beale: Bloomberg Television Interview with Lloyd’s CEO Beale at World Economic Form