Lloyd’s Brexit News

Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale

Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington, D.C. “We’re just working through the final regulatory aspects …

Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit

Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe. “Regulators across Europe can actually come to an agreement themselves …

Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says

The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European business. Nelson said last week that …

To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman

Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson. The brokers need to cut profit margins as the industry …