The London market took the same measure during the national lockdown earlier in the autumn

Lloyd’s of London’s underwriting room will only be open on Wednesdays after London entered Tier 4 lockdown.

The market will be closed the remaining days, as it did during the national lockdown in November, Reuters reported.

The underwriting room was previously closed for the first time in its 330-year history and remained so for six months after the original March lockdown was introduced.

The closure coincides with the January 1 renewals deadline.

London entered Tier 4 lockdown at the weekend after a spike in Covid cases across London and the South East of England.

Last month Lloyd’s revealed its Blueprint Two, a two-year roadmap in its journey to transform the way the market will operate as it seeks to deliver on its plans to save £800m in operating costs.