Brexit
UK unlikely to have a 'bonfire of regulation' following Brexit
There will be no need for a ‘bonfire of regulation’ following Brexit and legal frameworks are unlikely to be disrupted, a report has suggested.
Solicitors' PI: Uncertainty ahead
Most law firms will seek renewal of their professional indemnity insurance this autumn, although an estimated one-third will renew their PII away from 1 October. The announcement that unrated insurer Enterprise has stopped writing new business leaves the…
Europe: Aspiro ruling could increase VAT costs for outsourced services
Every so often a case emerges that threatens significant change to the insurance industry. The recent European Court of Justice decision in the case of Aspiro, a Polish claims handing company, has done just that.
QBE could set up post-Brexit EU entity ‘before 2018’
QBE could set up a legal entity in Europe before the end of next year if a decision over passporting rights has not yet been made.
Admiral CEO predicts 'no material difference' following Brexit despite dramatic drop in solvency ratio
Admiral CEO David Stevens today said that Brexit will make no material difference to the insurer, despite the group seeing a significant drop in its solvency ratio following the out vote.
Brexit will not affect UK Gibraltar business relationship, says Hastings
In light of Hasting’s strong financial results today, chief financial officer Richard Hoskins has said that the group is not concerned about Brexit affecting its growth.
Travel insurance premiums fall by 9% with biggest drop for European policies
Travel insurance premiums have fallen by 9% in the last year, according to the first Consumer Intelligence travel insurance price index.
Natural catastrophes hit Munich Re's first half profits; CEO warns on Brexit
Reinsurer on track despite Munich Re's 24.4% first half operating profit fall to €1.4bn (£1.2bn) compared with €1.9bn in H1 2015.
Improving operating structure and delivery key to RSA group's financial success says Lewis
Steve Lewis, CEO for UK & Western Europe, RSA, believes improving operational structure and delivery has been key to RSA's strong financial results for the first half of 2016.
RSA posts strong global first half results as pre-tax profit grows 20%
RSA's turnaround under CEO Stephen Hester has continued in the first half of 2016.
Interview: Inga Beale, Lloyd's of London
Lloyd’s of London CEO Inga Beale sits down with Jonathan Swift to talk about Brexit, diversity and the need to modernise the market
Biba outlines its top 11 Brexit concerns in letter to senior MPs
The British Insurers Brokers’ Association has sent a letter to members of the government, setting out their member’s opinions on what should be considered as the UK heads towards exiting the European Union.
AIG announces Brexit residency cover for executives
AIG is to cover legal challenges in the event of permanent residency applications being rejected pre Brexit, and the challenges to repatriation orders post Brexit, and part of its Directors' and Officers' policy.
Elite to set up office in Luxembourg to counter Brexit fears
Gibraltar-based Elite Insurance said it will set up a new regulated insurance company in Luxembourg to ensure that it would not miss out on passporting rights following Brexit.
Hiscox could set up EU carrier following Brexit
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.
Hiscox sees growth in London market
Interim results reveal Hiscox London Market grew during the first half of 2016.
Beazley looks to target EU business from Dublin as it seeks to extend reinsurance license
Lloyd's of London insurer Beazley is working to ensure its Irish reinsurance business gains access to the European market, even if Lloyd's loses its pass-porting rights.
Former broker Craig Tracey to become co-chair of APPG for Insurance and Financial Services
Former insurance broker Craig Tracey is to take over as co-chair of the All Party Parliamentary Group for Insurance and Financial Services.
Blog: So what will Brexit mean for insurance claims staff?
Following the UK electorate’s vote to leave the European Union, there has been a lot of crystal ball gazing as to what it might mean for the insurance industry.
Brexit will not lead to ‘bonfire of regulation’, FCA chief says
Brexit will not lead to a “bonfire of regulation” the new head of the Financial Conduct Authority has warned.
Guernsey is inviting insurers to relocate from Brexit UK
Guernsey is carrying out a strategic review into how it can become a “more important player” as an international insurance hub.
Blog: The impact of Brexit on the insurance industry
The UK has voted to leave the EU. What will this mean for the insurance industry?
Tokio Marine Kiln looks at opportunities following underwriting restructure
Tokio Marine Kiln said it would offer a greater range of specialist policy lines following a restructure of its underwriting operation.
French lobby groups join forces following Brexit
Two French lobby groups have combined to form the French Insurance Federation, representing over 99% of the local market.