LT Insurance (Guernsey) Ltd

MQT on 2003-11-19
Session date: 
November 19, 2003
Question By: 
Roger Evans
GLA Conservatives
Asked Of: 
The Mayor


What is the purpose of LT Insurance (Guernsey) Ltd?



Answer for LT Insurance (Guernsey) Ltd

Answer for LT Insurance (Guernsey) Ltd

Answered By: 
The Mayor

LTIG (London Transport Insurance (Guernsey) (`LTIG') is an insurance company domiciled in Guernsey and is a wholly-owned subsidiary of TfL.It was established in 1995 for the sole purpose of enabling London Regional Transport and its subsidiaries (including London Underground Limited) to purchase insurance in a more cost-effective manner than relying solely on commercial insurers.LTIG was transferred to the ownership of TfL when it was created in July 2000. Since then, it has provided insurance cover to TfL and its subsidiaries and, until the transfer of LUL to TfL, to LRT and its subsidiaries. .