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Lloyd & # 39 ;s of London is considering moving to headquarters



(Reuters) – Lloyd & # 39 ;s of London are considering whether to stay in their flagship City of London headquarters and may make a decision this year, the Commercial Insurance Market said on Tuesday.

The tower, designed by British architect Richard Rogers, took eight years to build and was completed in 1986.

Companies are re-evaluating their office space as the covid-19 pandemic showed that it was profitable to work from home.

The pandemic has also accelerated the steps towards automation, with Lloyd & # 39; s, which insures complex risks from oil rigs to football players' legs, and is increasingly moving from doing business on the insurance floor.

“As we adapt to new structures and flexible ways of working, we continue to carefully think about the future requirements for spaces and services that our marketplace needs, ”said a spokesman via e-mail.

"Like many other organizations, we are considering a range of options around our workplace strategy and future leasing arrangements for Lloyd & # 39 ;s. We aim to share our plans in 2022."

The Chinese insurance company Ping An bought the building for 260 million pounds (353.91

million USD) 2013.

The lease expires in 2031, but there is a break clause in 2026.

The news was first reported by the real estate publication React.

Lloyd & # 39 ;s said on Monday that the chief operating officer Jennifer Rigby would leave this week, and CFO Burkhard Keese assumes responsibility for technology and operations.

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