Brexit
AIG moves European business to new UK and Luxembourg units
AIG has formed new insurance companies in the UK and Luxembourg that will see all business transferred to the new entities ahead of the UK leaving the European Union.
Brexit sends Anglo-American trade deal into disarray
The uncertainty surrounding Britain’s departure from the European Union has sent the prospect of a possible Anglo-American trade deal into question, the Lloyd’s market has heard.
Insurance data could have been used in Leave campaign, claims whistleblower
A witness to the parliamentary Fake News Inquiry has raised questions over the use of insurance data in the Leave.EU campaign.
Business leaders ‘turning their backs on Europe’
UK business leaders have turned their backs on Europe as political uncertainty and regulatory concerns see decision-makers’ focus on the domestic market, according to survey findings.
Analysis: Leisure market - At your leisure
Brexit may raise the prospect of more expensive holidays abroad and longer waits at borders. If fewer European city breaks beckon, could there also be an upside in spending more time in England’s green and pleasant land?
Biba’s Steve White on why a transitional agreement is only the tip of the Brexit iceberg
News of a post-Brexit transitional agreement is a welcome one, writes Steve White, CEO of the British Insurance Brokers’ Association, however brokers must be wary that the hard work is still yet to come.
Regional review: Jersey
The largest of the British Channel Islands, Jersey is located 100 miles from the south of England and 14 miles off the French coast. Covering 45 square miles, the island offers one of the world’s major international finance centres. For the island's…
Regulation Q&A: From GDPR to IDD, Brexit to the future of the PRA, what do insurers really think?
The regulatory landscape is constantly evolving, With this in mind, Post asked a number of senior insurance figures about some of the most pertinent changes that are afoot from GDPR to the IDD, and how they would like the situation to develop in a post…
Analysis: Passing up on passporting
What next after the UK ruled out maintaining passporting within the European Union?
Underlying performance needs to improve, says Lloyd’s CFO
The underlying underwriting performance of Lloyd’s syndicates needs to improve following the market's first loss in six years, John Parry has said.
Biba signs deal to gain post-Brexit EU access
UK brokers will be granted an introduction to European brokers in order to continue to write business across the Channel, under a deal announced by the British Insurance Brokers’ Association.
XL Catlin adds Brexit continuity clause to policies
Policies issued by XL Catlin’s London operations will include contract continuity clause to offset any fallout from the UK’s exit from the European Union.
This week in Post: Claims, costs and closures
This week I was lucky enough to climb on the top of a lift with one of Allianz’s engineer surveyors and take a trip up and down a building.
MCE to pull out of Ireland following ‘incredibly disappointing’ loss of passporting
MCE Insurance will cease writing business in the Republic of Ireland from next year as a result of a loss of passporting from Brexit.
This week: The consequences of buying big
By far the biggest purchase I ever made was when I bought my house.
Hammond calls for EU free trade agreement on financial services
Philip Hammond has said there is no reason that the UK financial sector cannot be part of a free trade agreement post Brexit.
Interview: Andy Homer, former Towergate CEO
Industry veteran Andy Homer talks to Ryan Hewlett about life after Towergate, the insurtech world and why Brexit represents an open door for the canny Angel investor.
Theresa May says UK will abandon passporting post Brexit
Prime Minister Theresa May said the UK will abandon passporting when it leaves the European Union.
JLT’s ‘chequebook open’ to European acquisitions following strong results
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
Admiral applies for post-Brexit base in Spain
Admiral will aim to open a post-Brexit subsidiary in Spain, the company announced, as it reported a 43% increase in its pre-tax profit last year.
Scottish government endorses ABI's efforts on diversity
The Scottish government has endorsed the Association of British Insurers' efforts on diversity across the insurance sector.
QBE Europe took £109m Ogden hit in 2017
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
This week in Post: Funding, fraud and finding life after Brexit
This week, the insurance industry received the news that the government’s controversial whiplash reforms are likely to be put into effect in April next year.
Liiba and EY publish report to address Brexit uncertainty
The London and International Insurance Brokers’ Association and EY have published a report to address uncertainty regarding the ability of intermediaries to place and service European risk from the UK post-Brexit.