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Lloyd's of London allows staff to work from home as heatwave hits capital

Lloyd's of London is permitting its staff to work from home this week as temperatures in the Square Mile are forecast to reach 33C.

  • Lloyd's of London staff can work from home this week due to forecast temperatures of 33C.
  • The Lloyd’s Building will remain open, offering air conditioning for staff, brokers, and underwriters.
  • Other City firms, including JPMorgan Chase, ING, and Deutsche, also relaxed office requirements during a June heatwave.

Lloyd's of London is allowing its approximately 1,200 employees to work from home this week as a heatwave is expected to affect the capital. Temperatures in the Square Mile are forecast to reach 33C.

Despite this, the Lloyd’s Building at One Lime Street will remain fully open, providing air conditioning for all staff, insurance brokers, and underwriters. The company has also offered complimentary ice cream and themed refreshments in recent weeks when temperatures frequently exceeded 30C.

This is not the first time City firms have adjusted to high temperatures this year. Last month, JPMorgan Chase, ING, and Deutsche reportedly relaxed their desk order requirements during a June heatwave.

While ING dropped return-to-office requirements last month due to a Met Office red alert health warning, the bank is not urging staff to stay home this week as no such warning is currently in place.

Why this matters: A recent report by ING cautioned that European heatwaves pose a serious risk to the region’s economic output, potentially creating a "new downside risk for the European economy."

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