Lloyd's of London's business to suffer under Brexit: Chairman

Lloyd's of London chairman John Nelson said that the business of Lloyd's would be affected if Britain votes to leave the European Union, reported Reuters.

"It would diminish our attraction as a market to invest in if we were not part of the E.U.," said Mr. Nelson. "About 90% of our capital and business comes from outside the U.K.," said Mr. Nelson, adding that a Brexit would make it harder to sell insurance into the bloc without a local presence.

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