COVID-19: Lloyd’s to stress test the market and corporation resilience

Lloyd’s has announced key measures to ramp up business continuity preparations and provide reassurance for the market, employees and customers in the event of an escalation of contingency measures due to COVID-19.

Lloyd’s will test the resilience of the market on Friday March 13 by closing the Underwriting Room at 1 Lime Street in London for 24 hours in order to test alternative trading protocols.

Lloyd’s said: “This 24-hour exercise will provide valuable information on the real-life effectiveness of the protocol. Relevant regulators have been informed of these plans. Additionally, Lloyd’s will take this opportunity to deep clean the Underwriting Room and all public areas in the Lloyd’s building.”