Lloyd’s picks Brussels for unit
LONDON: Lloyd’s of London, has picked Brussels for its planned European Union (EU) unit, The Insurance Insider reported late on Tuesday. It will ask its council to ratify the decision when it meets later, the publication said, on the same day British Prime Minister Theresa May triggers Article 50 of the
EU’s LisbonTreaty. Lloyd’s has been one of London’s financial services firms most vocal about the need for an EU unit if Britain has no access to the single market after leaving the bloc.