Lloyd's chooses Brussels for EU subsidiary

Lloyd's has made a surprise decision to locate its new EU
subsidiary in Belgium's capital city Brussels, The
Insurance Insider can reveal.
The Lloyd's Franchise Board today decided that it will
recommend the Council ratifies a decision tomorrow to establish a
capitalised subsidiary in Brussels, which is also home to several
prominent EU institutions.
An announcement of the decision will be made alongside the
Lloyd's annual results on Thursday, a day after UK prime
minister Theresa May is due to.