Lloyd’s of London will close its building on the day of Queen Elizabeth II’s funeral, Monday September 19, as a mark of respect, the market has confirmed. For the same reason, chairman Bruce Carnegie-Brown and chief executive John Neal are not in attendance at the Monte Carlo Rendez-Vous this year.

The market’s announcement was just one of many tributes that poured in from the industry for HM Queen Elizabeth II, UK’s longest-reigning monarch, who died on September 8, at her home in Scotland, Balmoral Castle.

In a statement, Lloyd’s of London expressed “profound sadness and sorrow” while offering condolences.

“We were lucky to call her a friend and a regular visitor to Lloyd’s, and all at Lloyd’s will cherish the memories we had together, from her role in dedicating our last two buildings, to her visit to celebrate our 325th Anniversary,” Lloyd’s said. “Her presence, wisdom and laughter will reverberate through our halls.”

The Lutine Bell at Lloyd’s was rung in honour of the Queen.

Separately, the London Market group (LMG) issued a statement. “The entire London Market is deeply saddened to hear of the death of Her Majesty the Queen, Elizabeth II. She has been a remarkable leader for our nation for over 70 years and, although we mourn her loss, we celebrate her long service to the people of the UK and the countries of the Commonwealth,” the LMG said.

The Chartered Insurance Institute (CII) notes that as the UK enters a period of national mourning, it will reflect on how its activities in the coming days may need to change to “show our respect to our Royal Patron, who has set the standard for future Monarchs to follow”.

“The CII sends its deepest condolences to the royal family. We are saddened by the passing of our Royal Patron and head of the Commonwealth, Her Majesty the Queen. The Queen was inspirational in the way she lived a life of remarkable, dedicated public service. Our thoughts are with the royal family at this difficult time,” the CII statement continued.

The CII noted that the Queen played a key role in the Institute’s development in 1987, when she updated the Royal Charter.

Broker Marsh McLennan’s president and CEO Dan Glaser was among those paying tribute to the monarch.

“With the death of Her Majesty Queen Elizabeth II, we bid farewell to one of the world’s great leaders. Hers was a life of duty and service without parallel, with a commitment to family, country and the greater good that set an example for us all. We extend our deepest sympathies to all who mourn her death, particularly our colleagues in the UK and Commonwealth,” Glaser said in a statement posted on the company’s website.

UK insurer Aviva’s group chief executive Amanda Blanc echoed similar sentiments, saying: “On behalf of everyone at Aviva, I’d like to express our great sadness at the passing of Her Majesty the Queen and sincere condolences to the Royal Family.

“We join with people in the UK and around the world in paying tribute to an extraordinary reign. For 70 years, Queen Elizabeth personified dedication, duty and service. She was a beacon of stability and consistency in a changing world.”