Insurance company Lloyd’s of London has embraced flexible work policies, causing it to reevaluate its real estate portfolio
The Lloyd’s building has played a significant role in the City of London since moving into its headquarters in 1986. As the building was designed with Lloyd’s in mind and is historically protected, there will be limitations to any major redesign.
“As we adapt to new structures and flexible ways of working, we are continuing to carefully think about the future requirements for the spaces and services our marketplace needs,” a statement from the firm read.
Lloyd’s lease is not up until 2031, but it has a break clause that goes into effect in 2026 that may allow it to vacate the building earlier.