Lloyd's of London is set to open its new Brussels unit next year, CEO Inga Beale has said. The firm will be the first European bank outside Britain and Ireland to have a presence in Brussels. Beale said staff are already being hired for the new office, which will open on 1 January, 2019.
Lloyd's of London is set to open its new Brussels unit next year, CEO Inga Beale has said. The specialist insurance and reinsurance market, which has been based in the City of London since 1688, announced last spring it would open a subsidiary in the Belgian capital, citing fears the UK would lose access to the European single market after Brexit. Beale said staff are already being hired for the new office, which will open on 1 January, 2019.