Lloyd’s has assured market participants it has “business continuity” plans in place to ensure trading globally is not disrupted if the coronavirus outbreak worsens.

“We have plans to ensure business continuity even if we receive official guidance to limit access to the Lloyd’s building,” the business says.

“In this scenario, together with [the London and International Insurance Brokers’ Association] and [Lloyd’s Market Association], we have emergency trading protocols in place that will allow the market to remain open.”

Lloyd’s says its offices in Shanghai and Beijing are on a phased plan to gradually resume full operations and in Singapore, all employees have returned to working in the office. Hong Kong has also returned to normal work hours.