World’s biggest insurance market expected to shift ‘tens’ of jobs from UK to retain presence in EU post-Brexit
Lloyd’s of London aims to have a new Brussels office up and running by the start of 2019, providing a subsidiary within the EU so its insurance underwriting business carries on “without interruption” after Brexit.
The world’s biggest insurance market confirmed on Thursday it would set up a subsidiary in the Belgian capital, which would be able to underwrite insurance policies from all 27 EU and three EEA states after the UK left the union.