Lloyd’s to remain at iconic headquarters until 2035

18 Dec 2023

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced the extension of its One Lime Street tenure until at least 2035, with an extension option to 2040.

The agreement with Chinese Insurer Ping An, who have owned the historic grade I listed building in London since 2013, marks an important commitment by Lloyd’s to remain at its iconic headquarters in the heart of the London insurance marketplace.

As part of ongoing commitments to creating a workplace fit for the future, the lease extension will enable Lloyd’s to continue renovating workspaces and make further internal refurbishments to upper galleries and common spaces - including the installation of energy-efficient building infrastructure to reduce the overall carbon footprint of the building, and improved services.

As well as providing an improved environment for existing tenants, renovations will enable further lease opportunities for businesses looking for high-grade, low-carbon spaces in one of the most iconic office buildings in the world.

An important element of the lease terms is the agreement between both parties to invest in decarbonising and improving the energy efficiency of the building over the next five years.

“The Lloyd’s building holds a special place in our market’s collective consciousness. The changes we’ve made to the ground floor this summer signal the start of our ambitions – but there’s more to come, and we’ll be redesigning other spaces in the Lloyd’s Building to support our market’s collaboration and innovation. We’ll continue to monitor how the changes are working so One Lime Street can remain the iconic and dynamic space our market and customers need it to be.”

Bruce-Carnegie Brown, Lloyd's Chairman

Notes to Editors

Lloyd’s has been headquartered at the Grade I listed building at One Lime Street since 1986. It currently houses more than 50 leading insurance companies, over 380 registered Lloyd’s brokers, a global network of over 4,000 local coverholders and its award-winning Innovation Hub – the Lloyd’s Lab.

Find out more about the Lloyd's Lab

Lloyd’s recently refurbished its Underwriting Room in September, which now provides upgraded connectivity and workspaces for the market – while simultaneously increasing the number of Managing Agents represented on the ground floor.

Find out more about the Lloyd's Underwriting Room

Enquiries to

pressoffice@lloyds.com

For subleasing enquiries please contact:

Jas.Lozinski@Lloyds.com

About Lloyd's

Lloyd’s is the world’s leading marketplace for insurance and reinsurance. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world.

The Lloyd’s market offers the resources, capability, and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HM King Charles III’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.

Find out more about the Future at Lloyd's