Lloyd's is preparing to put its stamp on the markets in China with the development of an onshore reinsurance operation there.
The London market was granted a licence to trade in China last week.
Lloyd's said the move would give its market a foothold in China's fast-developing insurance market, as well as providing Chinese insurers with full access to the market.
Lloyd's chairman Lord Levene said: "Our focus now will be to develop and implement an operating structure within the next year."
' Willis has increased its ownership interests in China-based Willis Pudong Insurance Brokers to 51%.
China's Insurance Regulatory Commission licensed Willis to engage in insurance and reinsurance business last week. Chief executive Joe Plumeri said it plans to open 19 offices there.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
