With the Brexit referendum being set for Thursday 23 June 2016, Chairman of Lloyd’s, John Nelson, has made it
very clear that it is in the best interests of the Lloyd’s market that Britain remains a member of the EU.
Nelson explains how The Council of Lloyd’s and the Franchise Board have carefully considered the question of British EU membership in the context of the interests of the Lloyd’s market, and that they have unanimously concluded that the best outcome is for the UK to remain in Europe.
Lloyd’s have been in the process of developing contingency plans in the event that the UK votes to leave the EU, and are seeking to ensure that in such circumstances the Lloyd’s market can continue to access those markets. Leaving the EU would have inevitable consequences however, and the access will not be as attractive as the single market access we currently enjoy.
You can read the full article by Nelson here, which goes on to explain how leaving the EU will be an irrevocable decision with significant points as to why we should vote to stay in.