Lloyd’s of London, the shipping industry’s largest single insurance market place, has shored up its defences against the impact of coronavirus on its business.

Last Friday, Lloyd’s of London closed down its underwriting room to test whether business could continue as usual using alternative trading protocols.

The stress test was intended to reveal any potential problems if coronavirus disruption led to a complete closure of the 300 year-old insurance trading floor and the market is forced to operate under an emergency trading protocol.