Lloyd's of London says crucial to have EU market access
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LONDON (Reuters) - Britain's insurance market must have the same access to the European Union as Bermuda and Switzerland to stay competitive, Lloyd's of London chairman Bruce Carnegie-Brown said on Wednesday.Lloyd's of London has transferred 50 jobs and 300 million pounds in capital to a new subsidiary in Brussels to avoid disruption to customers in the bloc, Carnegie-Brown told a House of Lords committee.Direct access to the EU from London, known as equivalence, would avoid additional costs, he..