Brexit fears for Gibraltar insurance industry


Brexit fears for Gibraltar insurance industry

Sorin Colac

The upcoming vote on whether the UK should leave the EU is causing waves in places as far away as Gibraltar. Intelligent Insurer investigates.

With just weeks to go until the June referendum in the UK on whether the country should stay in the European Union, many outside the country are eyeing the polls worriedly. One place watching with particular concern is Gibraltar.

The peninsula at the mouth of the Mediterranean has been a British possession since it was seized from Spain in 1704 and is a Crown colony—a British possession with its own government.

Gibraltar covers a total area of just 2.6 square miles and is one of the smallest parts of the British state. Despite its size it remains an economically important part of the UK and its holdings, contributing £1.6 billion ($2.3 billion) in gross domestic product in 2014.

Brexit, EU Referendum, European Union, UK, Gibraltar, Insurance, Gibraltar Financial Services Commission, Gibraltar Finance, Michael Ashton, Nigel Feetham

Intelligent Insurer