The insurance market
Lloyd's of London is preparing contingency plans for the possibility of
the euro collapsing, its chief executive has said.
With Greece facing new elections in June and anti-bailout
feelings high, there are fears Athens may be forced to exit the
eurozone.In a Sunday Telegraph interview, Richard Ward said Lloyd's needs to "prepare for that eventuality".
He said that Lloyd's would settle claims using multiple currencies.
Mr Ward is one of the first bosses of a large UK business to admit he is planning for the end of the euro.
Lloyd's of London is a market in which syndicates meet brokers and agree to take on particular risks.
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