London Market needs EU equivalence regime change in Brexit deal: LMG

05-12-2018

London Market needs EU equivalence regime change in Brexit deal: LMG

iStock/ Vchal

The UK government has recognised that the London Market does need to see significant changes to the EU equivalence regime but there are no equivalence frameworks for insurers under Solvency II or for brokers under the Insurance Distribution Directive, said Clare Lebecq, CEO of the London Market Group (LMG).


London Market, UK government, Europe, Brexit deal, Equivalence, Solvency II, London Market Group

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