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Lloyd's of London Brussels gets Monaco licence for Brexit

Lloyd's of London Brussels gets Monaco licence for Brexit
A man walks out of Lloyds of London's headquarters in the City of London, Britain, July 31, 2018. REUTERS/Simon Dawson -  Copyright  SIMON DAWSON(Reuters)
Copyright SIMON DAWSON(Reuters)
By Reuters
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LONDON (Reuters) - Insurance market Lloyd's of London said on Tuesday its Brussels subsidiary had gained authorisation in Monaco to continue underwriting and reinsurance business after Brexit.

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The move was to ensure that business from the territory could continue to be accessed by Lloyd's members after Britain leaves the European Union on March 29, Lloyd's said in a market bulletin.

(Reporting by Carolyn Cohn; editing by Simon Jessop)

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