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Home News Business

Lloyd’s Of London Reevaluates Headquarters As It Embraces Flexible Working

Insurance firm Lloyd’s of London is reconsidering its headquarters in the City of London as it moves to embrace new work arrangements and flexibility.

Aayat AlibyAayat Ali
January 18, 2022
in Business
Reading Time: 1 min read
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Lloyd’s Of London Reevaluates Headquarters As It Embraces Flexible Working

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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. 

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“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.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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