Lloyd's of London says it will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released its latest annual results. "A subsidiary office will be opened in Brussels with the intention that it will be operational for the January 1 renewal season in 2019," it said. The company's continental business generates 11% of its premiums. Lloyd's of London's chief executive Inga Beale told the BBC's Today programme Brussels had certain key attractions: "What we were after was some jurisdiction that had a really robust ... (full story)