Lloyd’s of London, the world’s largest insurer, could leave its iconic headquarters in the city after 40 years.
After four decades, Lloyd’s of London may be forced to leave its headquarters in the City of London.
Since its completion in 1986, the tower – designed by British architect Richard Rogers and known as the “inside-out” because its lifts and pipes are on the outside – has housed the oldest insurance market in the world. world.
However, in the wake of the pandemic, which has forced many employees to work from home, Lloyd’s is rethinking its office space.
The coronavirus outbreak has accelerated moves towards automation, with Lloyd’s, which insures complex risks ranging from oil rigs to footballers’ legs, moving away from doing business on its underwriting floor.
“Like many other organisations, we are considering various options regarding our workspace strategy and future rental arrangements for Lloyd’s,” a spokesperson said.
“By 2022, we hope to have shared our plans.”
The lease expires in 2031, but there is a break clause that allows Lloyd’s to leave in 2026.
Ping An, a Chinese insurance company, has owned the building since 2013, when it bought it for £260million.
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