Lloyd's Brussels to cost market tens of millions: CFO

Setting up an EU subsidiary in Brussels will cost the
Lloyd's market "tens rather than hundreds" of
millions of pounds, CFO John Parry has said.
Lloyd's today confirmedearlier reports by this publication that it would open an
insurance company in Brussels to navigate the post-Brexit
landscape.In a press conference in London this morning, Parry said the
additional costs would be levied across the circa £30bn
($37bn) of premium Lloyd's writes as a market.
This upfront cost would be...