Brexit Update: City of London Prepares for Worst, Hopes for Best

Article 0 Comments Dismay, confusion, relief — and hope. The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the European Union, and her sprint to cobble together a new one by Monday. As money […]

RSA Receives Approval for Luxembourg Subsidiary for Post-Brexit EU Business

Article 0 Comments Insurer RSA Group has received licence approval for its new insurance subsidiary in Luxembourg from the r Commissariat aux Assurances (CAA). RSA Luxembourg is being established in preparation for the United Kingdom’s exit from the European Union to ensure there is no disruption to business with EU-based […]

U.K.-EU Brexit ‘Working Group’ Tasked with Fate of Insurance Policies

Article 0 Comments The European Central Bank and the Bank of England have been drafted in to study the threats that Brexit poses to financial services. Just don’t expect this “technical working group” to save the day. Brexit’s potential to disrupt trillions of dollars of derivatives contracts and tens of […]

Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit

Article 0 Comments Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe. “Regulators across Europe can actually come to an agreement themselves and find a possibility to allow all […]