Lloyd's to close underwriting room for 24 hours in coronavirus stress test
Market to test its readiness by invoking its emergency trading protocol.
Lloyd’s is ramping up its business continuity preparations with the aim to provide reassurance for the market, employees and customers in case contingency measures due to COVID-19 escalate.
The corporation is set to test the resilience of the market on Friday 13 March by closing the underwriting room at 1 Lime Street in London for 24 hours.
According to Lloyd’s, this will be done in order to test alternative trading protocols.
The corporation explained that its business continuity team has
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