A regulatory deal is urgently needed to address Brexit contract issues for the insurance sector, the Association of British Insurers has said.
Insurers need to keep pushing their priorities now for an effective Brexit plan, writes Andy Watson, CEO of Ageas UK, urging the industry to work with the government to achieve a realistic negotiating strategy.
Insurance has come under fire for the way it prices policies. Jonathan Davidson, director of retail at the Financial Conduct Authority, discusses the problem with Martin Croucher
The International Underwriting Association has published a Brexit contract continuity clause, to tackle claims disruption that could occur with an end to passporting post-Brexit.
Analysis: Has the industry learned its lesson after the collapse of a third unrated insurer in two years?
After three months of solvent run-off, Danish insurer Alpha finally fell over last month. Its collapse sent shockwaves through the market and prompted black cab drivers to besiege the offices of their London broker.
QBE Europe has received approval from the National Bank of Belgium to set up a subsidiary in Brussels.
A panel of experts has told brokers at the British Insurance Brokers' Association annual conference that they need to be preparing for the UK's exit from the European Union and analysing their customers’ exposure.
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.
There is always something troubling about a disembodied head. More so, when it is Arnie’s head and it is shouting at people at the bus stop.
What next after the UK ruled out maintaining passporting within the European Union?
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.
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 Insurance will cease writing business in the Republic of Ireland from next year as a result of a loss of passporting from Brexit.
Philip Hammond has said there is no reason that the UK financial sector cannot be part of a free trade agreement post Brexit.
Prime Minister Theresa May said the UK will abandon passporting when it leaves the European Union.
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
As UK insurers wonder how to continue trading in European Union countries after Brexit, Evan Waks, chief risk officer at Axa UK, argues a transition period would offer much needed certainty.
This week, as Theresa May reshuffled her cabinet, the insurance industry underwent its own shake-up.
The loss of passporting will be a major challenge for insurers after the UK leaves the European Union. Steven McEwan, partner at Hogan Lovells, looks at some of the options available.
Insurers look for alternative bases
Kieran Jones, head of insurance and partner at Weightmans, explains how insurers may continue to write business in the European Economic Area after Brexit.
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…