Brexit: Lloyd’s of London chooses Brussels to set up it’s Hub

London’s 329-year old insurance market is setting up in Brussels to counter Brexit effects

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. The company expects the office to be operational at the beginning 2019, it said in a statement on Thursday, without giving further details on the move.

“The decision of the U.K. to leave the European Union has obvious implications for the market and our business with Europe,” Chairman John Nelson said in the company’s annual report. “Finding the right solution has been a top priority over the last nine months.”
http://www.bloomberg.com…  Thu.,  30 March 2017