Lloyd’s of London Chooses Brussels for Post-Brexit EU Hub
- Subsidiary office intended to be operational from Jan. 1, 2019
- Chairman says headcount will be in the tens, not hundreds
London has flourished as a financial hub over the past two decades. If Brexit curtails the U.K.’s access to Europe’s single market, it might become a far less attractive place from which to do business. (Source: Bloomberg)
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Lloyd’s of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc.