Brexit impact insurance News

Chronic Scarcity of UK Workers Blamed on COVID and, of Course, Brexit

On the outskirts of the Scottish town of Kirkcaldy is a crop of new houses on their way to completion. There are two large banners pinned to the perimeter fence with a mobile phone number: “Bricklayers Required.” Rather than prices …

UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built

Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s financial services chief said on …

Britain Reviews Rulebooks to Keep Financial Services Sector Competitive After Brexit

Britain is conducting a review of its financial rulebooks and policies to see how it can keep its 130 billion pound ($184 billion) finance sector competitive after Brexit left it largely cut off from the European Union. The government is …

UK, EU to Create Financial Services Cooperation Forum for Market Access Talks

Plans by Britain and the European Union to set up a new financial cooperation forum by the end of March have made some progress but this will not automatically lead to market access, senior officials said on Tuesday. Britain’s trade …

About 1,000 EU Finance Firms, Such as Insurers, Eye Post-Brexit Outposts in UK

Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and insurers that have applied for regulatory …

UK’s M&A Watchdog Emerges from EU’s Shadow with Massive New Powers

The UK’s parting of the ways from the European Union means that an obscure 7-year-old watchdog is about to gain massive new powers over corporate mergers. Itself the product of a merger of two failing regulators, the Competition and Markets …

Brexit Ends Britons’ Right to Live and Work in EU – And Travel Insurance Is Essential

LONDON (AP) – So far, the large majority of British and EU citizens have not felt the realities of Brexit. Though the UK left the European Union on Jan. 31, it follows the bloc’s rules until the end of this …

Cross-Border Workers in Gibraltar to Retain Free Movement with Spain After Brexit

MADRID – Cross-border workers who commute between Gibraltar and Spain will be exempt from border controls after Brexit even if no agreement on free movement is reached with Britain, Spanish Foreign Minister Arancha Gonzalez Laya said on Monday. Madrid and …

Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit

Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance Co. SA (Lloyd’s Europe), with its registered office in …

London Must Clarify How Far It Will Diverge from EU Financial Rules: EU Official

Britain must spell out how far it wants to diverge from European Union rules if it wants access to the bloc’s financial market from January, a top European Commission official said on Tuesday. Britain has left the EU and access …