Brexit
Insurers see shares fall on second day of post-Brexit trading
The country’s top insurers saw shares fall on the second day of trading following the Brexit vote, despite efforts to calm the market.
QBE attempts to reassure investors following Brexit
QBE Insurance Group attempted to calm investors ahead of the opening of the Australian stock exchange this morning with a statement claiming they do not anticipate any material impact on their day to day operations following the UK’s vote to leave the EU.
Aviva upgraded after insurer moves to quell investor concerns post Brexit vote
Investment adviser Macquarie has lowered its price target for Aviva to 442p from 502p and upgraded the stock to 'outperform' from 'neutral' following the UK’s vote to leave the EU last week.
New passporting agreement with EU ‘will be straightforward’
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Editor's comment: A time to come together
The UK electorate has had its say and the decision is for the UK to leave the European Union.
Blog: Brexit - How much preparation has gone on behind the scenes?
Post made hay with a Freedom of Information request earlier this month, which revealed that the industry’s two main regulators had not carried out a formal review of the regulatory and financial impact of a Brexit.
Leave vote will 'significantly damage' insurance market, analysts say
Today’s leave vote has the potential to significantly damage the UK insurance market, several analysts have claimed.
Markerstudy refuses to be drawn on job cut threat
Markerstudy has refused to add anything further to an earlier communication to staff that a Brexit vote "could potentially mean large job losses".
AIG 'evaluating options' following leave vote
AIG are “evaluating their options” following today’s Brexit vote after stating earlier this month that they were considering a new hub elsewhere in Europe if the UK votes to leave.
Brexit: Gender directive too costly too reverse claims AA
The prospect of gender equality for motor insurance being overturned has been raised and dismissed in the wake of UK voters electing to leave the European Union.
Insurance M&A activity will slow following leave vote
Insurance sector transactional activity will slow following today's leave vote, RPC has said.
FCA says regulatory framework is still binding – for now
The Financial Conduct Authority has said that EU regulation related to financial services will remain in place “until any changes are made”.
Aviva said ‘no impact’ from Brexit even as share prices fall
Aviva has said a Brexit will have “no significant impact” on its business even as the company’s share prices drop by 16.83%.
Brexit: Insurers and brokers urge calm as shares tumble
Insurers have urged calm as uncertainty grips the markets and causes share prices to tumble.
Brexit: Solvency II likely to remain says PWC
Solvency II will "almost certainly remain" according to PWC despite the UK voting to leave the European Union as too much time, money and effort has been invested in it and the regulation is enshrined in UK Law.
Brexit: Lloyd’s will stay at the centre of global specialist insurance despite Brexit says Nelson
The Lloyd’s chairman, John Nelson, has responded to the European vote saying Lloyd's will remain at the "centre" of the global sector.
Pound drops to lowest point since 1985 as UK votes to leave EU
The UK has voted to leave the European Union by 52% to 48% after 43 years in an historic referendum.
Live: Brexit - the impact of the EU referendum on insurance
Britain has decided to leave the European Union - find all the latest reactions here.
European insurance associations urge remain vote ahead of EU referendum
Twenty-one leaders of insurance and long-term savings associations across Europe have signed a letter urging a remain vote ahead of the referendum on the UK’s European Union membership on Thursday.
AIG mulls new hub away from London if UK votes for Brexit
AIG could establish a hub elsewhere in Europe if a Brexit occurs, the company’s chief executive Peter Hancock said.
Markerstudy CEO warns about possible job cuts following a Brexit
Markerstudy’s group CEO has warned staff that jobs at the company could be at risk if they vote to leave the European Union.
Norwegian model is not acceptable alternative to EU membership, ABI warns
The UK would suffer if it swapped European Union membership for a ‘Norwegian model’ of equivalence, the director general of the Association of British Insurers has warned.
Surveys reveal industry has crisis of confidence over EU
Two-thirds of insurance professionals admit having ‘lost faith’ in the EU, yet a majority still believe a Brexit would harm the industry.
IUA warns job losses ‘highly likely’ if Brexit camp wins
Job losses among the 34,000 people employed directly in the city’s commercial insurance sector, and thousands more indirectly, are likely if the UK votes to leave the European Union, according to industry bodies.