Lloyd's to open Brussels unit by 2019

Inga Beale, chief executive of Lloyd's of London, said that the insurance market plans to start operations at its Brussels unit by Jan. 1, 2019, to prepare for Brexit, Reuters reported. Ms. Beale said that the application for setting up the Brussels subsidiary was with the Belgium regulator and Lloyd's is seeking office space and putting technology systems in place. Lloyd's is looking to hire up to 40 people at the unit and would also move some roles from other offices to Brussels, she added.

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