Lloyd's set to choose Brussels as new EU base, according to reports

Lloyd's of London is reportedly poised to name Brussels as its new base in Europe.The announcement by the world's largest insurance market will come less than 24 hours after Theresa May's triggering of Article 50, with the timing first reported by Sky News.Lloyd's is shifting some operations to the continent in order to protect revenues generated within the European Union as the UK heads for the exit.