Lloyd’s of London News
$80 Billion: The Price Tag for UK, EU Companies With a No-Deal Brexit
Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain's vast financial sector set to be the worst-hit ...
A Brexit Deal May Not Happen Until 2019
U.K. officials don't expect to clinch a Brexit deal until two months before exit day, increasing the chances of chaos for executives and lawmakers. European Union chief negotiator Michel Barnier has ...
In a Post-Brexit World, UK Financial Services Face These Potential Scenarios
A stand-off between Britain and the European Union over the future of London's vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. The EU said on ...
EU Offers Britain Post-Brexit Trade Deal Far Short of May’s Wishes
The EU on Wednesday offered Britain a free trade deal for their post-Brexit ties that fell well short of ambitions set out by Prime Minister Theresa May last week, notably for the country's dominant ...
Global Insurers Flock to Luxembourg, Prepping for Post-Brexit Operations
More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country's financial development agency said on Thursday, linking the ...
Brexit Talks at Risk as May Rejects EU Draft Divorce Deal
The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the ...
Hamilton Insurance Group Reorganizes Lloyd’s Underwriting Operations
Hamilton Insurance Group said it has reorganized a key underwriting team involving its Lloyd's operations after the departure of two executives. Hamilton Underwriting Ltd.—the managing agency of ...
Brexit Risks Making London Lose Ground to New York as Global Financial Center
The U.K.'s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world's leading financial centers, Bundesbank Executive Board Member ...