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