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Insurance
Markel International Spain has restructured its underwriting department creating two main business areas: personal accident and liability. 27 June 2016
Insurance
The CEO of the Bermuda Business Development Agency (BDA), Ross Webber, has said that that while Bermuda will be affected by the UK’s decision to leave the EU, it remains well placed to work with business partners from both jurisdictions in the future. 24 June 2016
Insurance
Bermuda’s Association of Bermuda Insurers and Reinsurers (ABIR) has moved to stress that the island will continue to benefit from Solvency II equivalence despite the UK’s exit from the EU but noted that some of its members will review their corporate structures in light of the move. 24 June 2016
Insurance
The volatility triggered in the financial markets since the revelation that the UK will leave the EU could have a material impact on insurers’ half-year results and balance sheets, rating agency AM Best has claimed. 24 June 2016
Insurance
Growth in the UK economy will be around one percentage point lower until 2018 because of its decision to leave the EU, Michael Menhart, chief economist at Munich Re, the world’s largest reinsurer has said. 24 June 2016
Insurance
S&P Global Ratings has reiterated its view that the UK leaving the EU will deter investment in the economy, decrease official demand for sterling reserves, and put the UK's financial services sector at a competitive disadvantage compared with other global financial centers. 24 June 2016
Insurance
Two of the biggest insurers in the UK have issued statements to attempt to reassure customers following the vote that the UK will leave the EU. 24 June 2016
Insurance
UK insurers will be unable to sidestep the regulatory pressures stemming from the EU even after the UK has exited the market with initiatives such as Solvency II already integral to the UK system, Charles Portsmouth, director at Moore Stephens, has said. 24 June 2016
Insurance
A number of business leaders have already warned that the UK’s exit from the European Union (EU) will likely lead to large scale redundancies in the financial services sector. 24 June 2016
Insurance
The decision to leave the European Union (EU) will pose a significant test for the UK and the repercussions will likely weigh on the UK economy in particular for some time. 24 June 2016
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