post-brexit insurance News

EU Still Seeking Clarity Over Britain’s Financial Services, Insurance Rules

The European Commission is still waiting for Britain to say if it will diverge from European Union rules before Brussels can decide on UK financial market access, a spokesman for the EU executive body said on Tuesday. Daniel Ferrie, the …

Banks, Insurers Await ‘Brexit Dividend’ of ‘British-Style’ Regulation

Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will soon unveil new legislation for regulating the City of London, …

Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules

A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the European Union on Jan. 31 and will …

U.S. Intends to Sign Post-Brexit Insurance Pact with Britain

The U.S. Treasury and U.S. Trade Representative’s office said on Tuesday they intended to sign a new bilateral insurance agreement with Britain that will provide insurance market regulatory certainty and continuity after Britain leaves the European Union. The Treasury and …