October 7, 2018 / 9:35 AM / 5 months ago

Lloyd's of London accelerating Brexit contingency plans - BBC

LONDON, Oct 7 (Reuters) - The outgoing chief executive of insurance market Lloyd's of London, Inga Beale, said her firm is accelerating Brexit contingency plans to transfer contracts to a Brussels subsidiary as she feel Britain is getting closer to leaving the European Union without a deal.

"In fact we're accelerating that plan as it seems to me as we might be closer to a 'no deal' than we were," Beale told the BBC. Beale is set to be replaced by former QBE Insurance Group boss John Neal, who starts on Oct. 15. (Reporting by William James; Editing by Dale Hudson)

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