Lloyd’s, the global insurance and reinsurance marketplace, has confirmed its continued presence at the historic One Lime Street headquarters until at least 2035.
The lease extension includes an option to prolong the iconic location until 2040, the company noted.
The agreement solidifies a partnership with Chinese Insurer Ping An, who have owned this historic grade I listed building in London since 2013.
This extension not only ensures the preservation of the iconic structure but also underscores Lloyd’s dedication to fostering a workplace fit for the future, the company said.
As part of its ongoing commitment to modernising workspaces, Lloyd’s plans to utilise the lease extension to further renovate internal spaces, including upper galleries and common areas.
The focus will be on integrating energy-efficient building infrastructure to reduce the carbon footprint of the building, aligning with global efforts toward sustainability.
Lloyd’s Chairman, Bruce-Carnegie Brown, emphasised the importance of the Lloyd’s building in the market’s collective consciousness, stating, “The changes we’ve made to the ground floor this summer signal the start of our ambitions – but there’s more to come, and we’ll be redesigning other spaces in the Lloyd’s Building to support our market’s collaboration and innovation.”
Bruce-Carnegie Brown further added, “We’ll continue to monitor how the changes are working so One Lime Street can remain the iconic and dynamic space our market and customers need it to be.”
Lloyd’s has been headquartered at the Grade I listed building at One Lime Street since 1986. It currently houses more than 50 leading insurance companies, over 380 registered Lloyd’s brokers, a global network of over 4,000 local coverholders and its award-winning Innovation Hub – the Lloyd’s Lab.
Lloyd’s recently refurbished its Underwriting Room in September 2023, which now provides upgraded connectivity and workspaces for the market – while simultaneously increasing the number of Managing Agents represented on the ground floor.
