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Thursday, October 27, 2016

Lloyd’s of London could become the first economic victim of Brexit

The Financial Times in its publication called the oldest insurance market in the world Lloyd’s of London possible the first economic victim of a British exit from the EU. Due process Brexit insurers will have to review deals with almost all key partners in Europe. In order for the transaction subject to regulatory requirements of the EU, British insurers will likely have to transfer at least part of the operations from London outside the country.

Last week, Brussels said that because of the UK out of the EU she will lose the right of direct access to EU markets, and earlier it was one of the advantages of Lloyd’s of London, 11% of insurance premiums of which goes to EU countries.

Britain out of the EU after the referendum. Chronicle of events

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