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Lloyd's CEO Beale said she expects to lose passporting rights and licensing that allows Lloyd’s of London to do business with European companies. (AP Photo/Kirsty Wigglesworth, pool)

(Bloomberg) – Lloyd’s of London is pushing ahead with plans to open European headquarters outside of Britain after the U.K. prime minister indicated the country won’t remain part of the EU’s single market, according to Chief Executive Officer Inga Beale.

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