Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the Association of British Insurers (ABI). Following …
The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access to the European Economic Area (EEA)*, according …
Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain’s financial center. Irish officials say they …
Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the …
Prime Minister Theresa May’s team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to two British officials. While reports …
Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the U.K.’s second-largest insurer, posted a 13 percent …
Irish recruiters are already filling jobs for financial services firms which are shifting some operations from the United Kingdom, with Dublin moving fast to steal a march on rivals just a month after Britons voted to leave the European Union. …
British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc. Johnson, speaking to reporters in New …
Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the bloc. Insurers are making contingency plans after …
A lawsuit seeking to force Prime Minister Theresa May to consult parliament before beginning Britain’s exit from the European Union will be taken “very seriously” and may reach the Supreme Court by December, Judge Brian Leveson said. “The court takes …
