Brexit is threatening to sink London’s insurance market

Lloyd’s of London may shift some of its business from the UK

The UK’s position at the centre of the global insurance market is under threat after the famous Lloyd’s of London market said it may be forced to move some of its business to continental Europe as a result of the Brexit vote, chairman John Nelson has warned. He said operations may start leaving London before Brexit negotiations are concluded unless the Government can provide “clarity” about the UK’s future relationship with the EU.  Tue., 06 September 2016