Lloyd’s to commence Brussels ops in 2019
Policies & Partnerships
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According to Reuters, Lloyd’s of London is on target to commence operations at its new Brussels-based unit in January of next year. Lloyd’s is one of the financial institutions that has been the most vocal about the necessity for a European Union-based subsidiary, should post-Brexit Britain lose access to the single market; it is one of the first businesses to announce that it is taking such a step. Brussels was chosen, according to Lloyd’s, due to its strong regulatory framework.
“We are hiring people,” said Lloyd’s CEO Inga Beale. “We hope to make some appointments shortly. We will have the Brussels subsidiary up and running by 1 January 2019. That is ahead of the actual official exit, but we run a market and we want to be ready for all of our businesses and syndicates that operate within the market. That's why we are really pushing ahead.”
Policies & Partnerships
17 Jan 2018
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