Brexit
20% of financial services jobs 'could be lost following Brexit'
A fifth of jobs in London’s financial services industry could be relocated because of Brexit.
Brexit will provide opportunities for insurers in Malta and UK, Building Block Insurance say
The historic relationship between Malta and the UK will provide opportunities for insurance businesses following Brexit, Maltese insurer Building Block has said.
Editor's comment: Insurers have a major part to play
Speaking to Association of British Insurers’ members at his outgoing dinner last month, chairman Paul Evans said the organisation had never been “more relevant to its members” and “the work, focus and voice of the ABI is directed by its members, for its…
Government to cut corporation tax to 15% following Brexit
The government will cut corporation tax to 15% in order to persuade businesses to remain in the country following the Brexit vote.
Brexit consequences dominate insurance news; interview with XL Catlin's CEO
Here are the important insurance news and Post exclusives of the past week, in case you missed them.
Elite Insurance to redomicile from Gibraltar following Brexit
Elite Insurance will be looking to establish new headquarters outside of Gibraltar following the UK’s decision to leave the EU.
Lloyd’s says Brexit puts £800m of GWP at risk
A Brexit will cost Lloyd’s £800m worth of gross written premium, the corporation told its managing agents in a meeting today.
Markerstudy meets Gibraltar regulator over Brexit concerns
Markerstudy has met with the Gibraltar Financial Services Commission to discuss the implications of a Brexit.
IUA urges quick resolution to UK EU trade talks
The International Underwriting Association has called for talks to begin as soon as possible on the UK's new trading relationship with the EU following last Thursday’s Brexit vote.
Brexit provides opportunity to overturn ‘dreadful’ Solvency II
Leaving the EU will mean that the UK can abandon the “absolutely dreadful” Solvency II regime, the former head of the civil service told MPs.
Insurers mobilise contingency plans following Brexit vote
Deloitte has released a statement claiming that insurers are mobilising their contingency plans in response to last Thursday’s Brexit vote.
ABI reassures sector is 'well capitalised' as market volatility continues following Brexit
The Association of British Insurers has attempted to calm fluctuating financial markets following the Brexit vote.
Advisers warn of 'messy divorce' ahead with EU
Post-Brexit negotiations will be tough going and UK businesses must cooperate with EU member states.
Legal & General appoints Sir John Kingman as chairman
The board of Legal and General Group has announced Sir John Kingman as group chairman of Legal & General.
MGA looking to redomicile to Ireland following Brexit vote
A Kent-based intermediary has said “all options are open” following a Brexit vote, as its parent company CBL Insurance said the firm could redomicile to Dublin.
Insurers see shares fall on second day of post-Brexit trading
The country’s top insurers saw shares fall on the second day of trading following the Brexit vote, despite efforts to calm the market.
QBE attempts to reassure investors following Brexit
QBE Insurance Group attempted to calm investors ahead of the opening of the Australian stock exchange this morning with a statement claiming they do not anticipate any material impact on their day to day operations following the UK’s vote to leave the EU.
Aviva upgraded after insurer moves to quell investor concerns post Brexit vote
Investment adviser Macquarie has lowered its price target for Aviva to 442p from 502p and upgraded the stock to 'outperform' from 'neutral' following the UK’s vote to leave the EU last week.
New passporting agreement with EU ‘will be straightforward’
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Editor's comment: A time to come together
The UK electorate has had its say and the decision is for the UK to leave the European Union.
Blog: Brexit - How much preparation has gone on behind the scenes?
Post made hay with a Freedom of Information request earlier this month, which revealed that the industry’s two main regulators had not carried out a formal review of the regulatory and financial impact of a Brexit.
Leave vote will 'significantly damage' insurance market, analysts say
Today’s leave vote has the potential to significantly damage the UK insurance market, several analysts have claimed.
Markerstudy refuses to be drawn on job cut threat
Markerstudy has refused to add anything further to an earlier communication to staff that a Brexit vote "could potentially mean large job losses".
AIG 'evaluating options' following leave vote
AIG are “evaluating their options” following today’s Brexit vote after stating earlier this month that they were considering a new hub elsewhere in Europe if the UK votes to leave.