Passporting
Editor's comment: Surprise!
I probably wouldn’t make a very good insurer or broker as I love a good surprise and I deal quite well with change.
Lloyd's to announce post-Brexit hub by the end of March
Lloyd’s of London will reveal the location of its post-Brexit base by the end of this month, Post understands.
Nexus Group's Colin Thompson on the evolution of MGAs
With more than 300 UK-based managing general agents underwriting roughly £5bn - circa 10% of the UK general insurance market - the MGA is already firmly established within the London market providing a key access point to local markets and the ability to…
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Post Power List 2017: Richard Pryce
CEO, QBE European Operations
Post Power List 2017: Theresa May
Prime Minister and leader of the Conservative Party
UK could be downrated as a result of Brexit, says Fitch
A hard Brexit may lead to the UK's sovereign rating being downgraded.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
JLT will not wait for Article 50 to begin Brexit restructure
JLT is already introducing contingency plans for post-Brexit operations, said deputy CEO Mark Drummond-Brady.
Brightside's Mark Cliff on why chaos is needed for success
Chaos is needed for some highly successful brokers to emerge during 2017
Lloyd's to unveil plans for EU move in the new year
Lloyd’s of London will create an office somewhere within the European Union in a move to divert some of its operations to the continent as a result of the UK's Brexit vote.
Lloyd’s announces potential post-Brexit strategies
Lloyd's said setting up a single European Union subsidiary or a network of branches across several EU countries are two potential post-Brexit strategies if passporting rights cannot be maintained.
Irish regulator boosts staffing levels ahead of predicted post-Brexit insurer exodus
The Central Bank of Ireland, which acts as the country’s insurance regulator, has increased staff levels by over 25% ahead of an expected influx of UK insurers post-Brexit.
All aboard the Brexit rollercoaster
There is a touching stubborn optimism in the insurance industry about where the Brexit negotiations might lead, although it is rather like one of those fixed smiles that it gradually becomes harder to sustain with any degree of conviction.
Hard Brexit puts £7.3bn of London premiums at risk
More than £7.3bn of premium in the London market will be potentially affected by a change to passporting arrangements following Brexit.
Two-thirds of EU insurance legislation already enshrined in UK law
Two-thirds of European Union legislation that affect the insurance sector are already enshrined in UK law.
Data protection changes post-Brexit 'could be quagmire of complexity'
The UK must mirror the EU’s data protection regime post-Brexit to avoid a “quagmire of complexity”, insurance bodies have told Post.
French regulator to 'speed up' licensing for UK firms following Brexit vote
The French stock market watchdog will simplify licencing procedures for UK businesses considering relocating to France following the Brexit vote.
Third of UK insurers haven't analysed impact of Brexit on staff
A third of UK general insurers haven't analysed the impact leaving the EU will have on their staff.
'Significant' risk to UK firms if passporting rights lost after Brexit
The scale of disruption that Brexit could cause to UK businesses has been revealed by figures showing that 5476 UK-registered companies rely on ‘passports’ to carry out business in other European countries.
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.
Q&A: Richard Ward, Cunningham Lindsey
Former CEO of Lloyd’s, Richard Ward joined Cunningham Lindsey as executive chairman in June 2014. He talks about and the challenges faced by loss adjusters during a difficult and uncertain landscape.