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Lloyd's, the specialist insurance and reinsurance market, has announced that it will be setting up a new European insurance company to be located in Brussels, following Brexit.
Lloyd's chief executive, Inga Beale, said in a statement that Lloyd's intends to be ready to write business for the January 1, 2019 renewal season, subject to regulatory approval.
|'Carry on without interruption'
Once approved, Lloyd's will be able to write risks from all 27 European Union and three European Economic Area states after the United Kingdom has left the EU.
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