Lloyd’s of London plans to open Brussels office by start of 2019

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.

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