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.
