Brexit
This week: Decisions, scorecards and a viable alternative
After a slow start to 2017 I suddenly had lots of decisions to make this week about holidays, extracurricular activites and building plans (for my extension).
Blog: Brexit could have heavy impact on construction
Seven months on from the UK's decision to leave the European Union, uncertainty and speculation about the implications continue to face UK businesses.
Government publishes bill to trigger Article 50
The government’s bill to trigger Article 50 and exit the European Union has been published today with a Parliamentary debate scheduled to take place on Tuesday of next week.
UK could be downrated as a result of Brexit, says Fitch
A hard Brexit may lead to the UK's sovereign rating being downgraded.
Treasury Committee on Solvency II post-Brexit hears evidence from ABI and Lloyd's
Industry leaders gave oral evidence on Wednesday to a Treasury Committee on Solvency II post-Brexit.
Triggering Article 50 will require an Act of Parliament
The Supreme Court has ruled by eight to three that the government cannot trigger Article 50 without an Act of Parliament.
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
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.
Towergate's Kay Martin on why a focus on customer service is the one thing that won't change in 2017
So it's January again and what a year 2016 was - it's hard to remember a more tumultuous 12 months.
Industry reacts to Prime Minister's Brexit speech
The industry considers the impact of leaving the Single Market.
UK to leave single market, Prime Minister confirms
Theresa May has confirmed that the UK will be leaving the single market, but will negotiate for a free trade agreement for financial services.
Half of industry expects economy to deteriorate this year
Nearly half of those working in the insurance sector expect the economy to deteriorate this year.
Biba launches its 2017 manifesto
The British Insurance Brokers’ Association has called for the government to commit to no further increases to Insurance Premium Tax and to negotiate for single market access in the EU exit.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
The City UK sets out industry priorities for Brexit
The City UK, a City of London lobby group, has issued its key priorities for the UK’s financial and professional services industry in the forthcoming Brexit negotiations.
Hyperion poised for further acquisitions as revenue climbs
Hyperion CEO David Howden has told Post he expects the group to break the half billion revenue barrier in 2017 following strong 2016 results.
Aon launches 'Brexit Navigator'
Aon has launched Brexit Navigator, a solution designed to help organisations quantify the impact of Brexit on business.
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.
Gibraltar insurer stops writing business ahead of Brexit
Gibraltar-based Horizon Insurance has ceased renewing and accepting new motor policies in the wake of the Brexit vote.
Insurtech firms could face Brexit brain drain
Insurtech start-ups could face a talent black hole as a result of Brexit, analysts have warned.
2017 Preview: What lies ahead for insurance?
After sharing their views on 2016 last month, insurers and brokers make their predictions for the coming year. What do they think the highlights and lowlights will be over the next 12 months?
Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
IUA says Brexit representation is the London market priority for 2017
The strong representation of London insurers’ views on Brexit is a priority for 2017, according to the International Underwriting Association.
Boris Johnson rounds on ‘insane’ Vnuk ruling
Boris Johnson has declared the EU Vnuk ruling as “insane”, even as the government launches a consultation on ways to incorporate the ruling into UK law.