London Market will respond with flexibility and pragmatism

The London Market Group (LMG) has said that it believes the London Market will respond to the inevitable challenges posed by the UK leaving the EU with flexibility and pragmatism.

“Today’s result is a significant one, but for the London Market it is very much business as usual for now,” said Nicolas Aubert, chairman of the LMG.

“As the future of the UK’s trading relations unfolds, we are confident that the market will respond to this complex, challenging and unprecedented situation with the flexibility, agility and pragmatism which is an inherent part of its DNA.

“The London Market enjoys a range of benefits from being part of international markets, and we would like to see as many of these benefits retained as possible as part of the exit negotiations. We will actively follow the progress of the UK’s negotiations with the EU and, in conjunction with market associations & Lloyd’s, participate in the debate with the Government and any other relevant bodies.”