The Brexit threatens to reduce the influence of Lloyd's in Europe
With the UK exit from the European Union, Lloyd's risks experiencing a decrease in its turnover in Europe.
By abolishing the common passport between European countries, Brexit should impact the economic activities of the oldest institution specializing in insurance and reinsurance in the continent.
Lloyd's, which historically operates from London, would now be forced to establish a subsidiary in an EU country to access the rest of the market.
Outside Europe, the Union should not expect a slow down of its activities because 47% of its business is concentrated in the United States with Continental Europe representing only 14%.
The union also plans to invest in emerging markets, creating hubs as is already the case in Japan and Singapore.
It is also considering to start its operations in India in January 2017.
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