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Beazley set to shrink Lloyd’s presence post-Covid-19

By 2020-07-24T07:31:00

Andrew horton colour

Although the insurer’s chief executive thinks brokers benefit from communications on the trading floor, Beazley plans to deal with simpler risks virtually and reduce its physical presence at Lloyd’s

Insurer Beazley’s chief executive Andrew Horton has told the Evening Standard that the firm plans to reduce its physical presence at Lloyd’s of London due to the success of home working during the Covid-19 pandemic.

Prior to the coronavirus outbreak, Beazley, which employs around 1,500 staff in total, typically had 80 employees working across 15 boxes on the Lloyd’s trading floor. Horton said this is set to change as the home working models implemented to mitigate the spread of Covid-19 have proved so successful.

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