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Lloyd's of London accelerating Brexit contingency plans - BBC

Published 07/10/2018, 11:01
Updated 07/10/2018, 11:10
© Reuters. FILE PHOTO: Lloyd's of London's headquarters in the City of London

LONDON (Reuters) - The outgoing chief executive of insurance market Lloyd's of London, Inga Beale, said her firm is accelerating Brexit contingency plans to transfer contracts to a Brussels subsidiary as she feel Britain is getting closer to leaving the European Union without a deal.

© Reuters. FILE PHOTO: Lloyd's of London's headquarters in the City of London

"In fact we're accelerating that plan as it seems to me as we might be closer to a 'no deal' than we were," Beale told the BBC. Beale is set to be replaced by former QBE Insurance Group boss John Neal, who starts on Oct. 15.

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