Lloyd’s Part VII Brexit Transfer

To achieve contract continuity, Lloyd’s will transfer all remaining affected policies (comprising all relevant non life direct European Economic Area insurance that has been written by the Lloyd’s market between 1993 and 2020) to Lloyd's Europe.

This will be undertaken by an insurance business transfer under Part VII of the UK’s Financial Services and Markets Act 2000 (the Part VII transfer) and is schedule to take place before the end of 2020.

More at Lloyd's site