Lloyd’s European Union subsidiary in Brussels will start operations next January as planned, after it secured regulatory approval from the National Bank of Belgium.

The office will write risks from all 27 EU member economies and three European Economic Area (EEA) states.

Vincent Vandendael has been appointed CEO of the Brussels business, in addition to his role as Chief Commercial Officer.

“Since the UK referendum on EU membership, Lloyd’s has been working hard to ensure [that] whatever the outcome of the Brexit negotiations, our partners across the EEA will continue to enjoy access to Lloyd’s unique offering,” CEO Inga Beale said.

“This will deliver certainty for all our customers, reassuring them they can continue benefitting from Lloyd’s specialist expertise, innovative policies and financial security post-Brexit.”