Chairman, John Nelson said:

“I welcome the Prime Minister providing business with more certainty around the timing of when Article 50 will be invoked and reinforcing the importance of services in any future deal. I speak for many in the financial services industry both in the UK and within the EU when I say that in the months ahead I hope the Government is able to secure the access to the single market that has helped London become the world’s financial centre and a key component supporting the economies of both the UK and the EU.

“Lloyd’s will always be centred in London and that is not about to change. However, it is important to us that we can continue to transact business in the European Union. We know this is what businesses here and in the European Union want, and it is incumbent on us to ensure that the Lloyd’s market remains open for EU business.”

Lloyd's plans in Europe