Throwback Thursday: Lloyd’s looks to move
Insurance Post’s Throwback Thursday steps back in time to November 1975 to remind you what was going on this week in insurance history when Lloyd’s was looking to move the London Market to Chatham in Kent.
20 November 1975: Lloyd’s relocation plans
The relocation of the Corporation of Lloyd’s to Chatham in Kent moved one step closer when the London Market’s chairman Havelock Hudson cut the turf on a seven-and-a-half acre site.
Although the underwriting room would remain in the City, many administrative departments within Lloyd’s were scheduled to shift to Chatham
Behind the decision to relocate was “spiralling City costs and expiration in 1978 of leases on additional premises occupied by Lloyd’s policy signing office”.
Lloyd’s did partly relocate to Gun Wharf, a seven-acre site close to the River Medway and the Naval Dockyard, in 1979.
Lloyd’s occupied the building in Chatham until 2006, after which it was bought by Medway Council as a new civic headquarters.
Lloyd’s moved to its current building on Lime Street in 1986.
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