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Lloyd’s of London to set up post-Brexit base in Brussels

The insurance market wants its European subsidiary to be ready to write business for the January 2019 renewals

Thursday 30 March 2017 at 08:07

Lloyd’s of London to set up post-Brexit base in Brussels

Lloyd's of London, the 329-year-old insurance market, has said Brussels will be its post-Brexit base in the European Union.

The move is designed to allow Lloyd's to continue to do business "without interruption" when the UK leaves the EU. The news has come less than a day after UK Prime Minister Theresa May kicked off the formal process for negotiating Brexit.