Insurance leaders urge UK to remain

The Association of British Insurers has put together a letter with a list of leaders in the insurance industry who are urging the UK to stay remain a member of the EU.

The letter, consisting of 21 signatories, states it is in the interest of both the UK and the entire EU that the UK votes to continue playing a role as a full EU member.

"The UK is an active and positive partner which also has a firm and critical eye and is willing to challenge as required. This brings results for the UK, and is healthy for the whole of the EU. No-one can doubt its contribution has been positive for all," the letter reads.

Among the signatories are Philippe Cole, chief executive officer, Belgium Insurance Association; Jörg Freiherr Frank von Fürstenwerth, chairman of the German Insurance Association; Marc Hengen, general manager of Luxembourg Association of Insurance Reinsurance Companies; and Lucius Dürr, director general of Swiss Insurance Association.

The president and chief executive officer of Aon Benfield, Greg Case, has also released a statement on the EU Referendum, voicing his opinion on why he think the UK should remain.
"It is absolutely vital for our business to attract and retain the best and brightest talent from around the world,” said Case.

“The Lloyd’s and London insurance marketplace directly employs 34,000 experts, and thousands more when you consider the broader professional services industry. This is a key asset for this country, and would be challenged if the UK were to become isolated from Europe.

“A Brexit discourages the flow of talented professionals from Europe into the UK, and sends a message to global experts – the people London has historically attracted in droves – that the UK values its sovereignty more than its expertise.”