Brexit

UK Chancellor calls for financial services to be included in EU free trade agreement

Chancellor Philip Hammond has thrown his support behind financial services’ inclusion in any future trade deal with the European Union (EU).

Insurers ‘split’ over post-Brexit regulatory framework: CII

The UK insurance industry is in disagreement as to what the regulatory framework should look like when Britain leaves the European Union, according to the Chartered Insurance Institute (CII).

FCA’s Bailey calls for post-Brexit financial services transition period

The CEO of the Financial Conduct Authority (FCA) Andrew Bailey has urged the European Union to allow companies in the City of London a transition period following Britain’s exit from the union.

Brokers handed deadline reprieve in FCA wholesale probe

The UK regulator, which is currently undertaking a detailed review into the London market wholesale broking space with a particular focus on broking facilities, has handed a six week reprieve to companies ensnared in the probe.

PRA launches consultation to reduce insurers’ Solvency II burden

The Prudential Regulation Authority (PRA) has launched a consultation proposing a number of changes to the way insurers report to ‘reduce the burden for Solvency II firms and mutuals’.

Brexit poses big challenges: AM Best

The rating firm issued a report on the rising issue of protectionism but said that Brexit will cause significant issues for both UK and international firms operating from London.

London counts potential Brexit cost in millions

On the eve of Baden Baden, the International Underwriting Association has issued new figures highlighting that billions of pounds of London market business is threatened by the current uncertainty over the terms of the UK’s withdrawal from the European Union.

London company market wrote £22.725bn in 2016

The London (re)insurance market reached a record size in 2016 after the International Underwriting Association (IUA) revealed today (20 October) that its members increased their business written in 2016 by 2.9 percent to £22.725bn.

Beazley’s Dublin platform writes first policies

Lloyd’s carrier Beazley plc this week begun writing policies through its Dublin-based insurer, Beazley Insurance dac (Beazley Insurance), which was authorised by the Central Bank of Ireland in July.

“Simplified” R&Q in bullish 2017 trading statement

R&Q’s share price may be given a fillip when trading on the London Stock Exchange opens later this morning following a notably upbeat trading statement that gives a strong hint that 2017 full year expectations will be surpassed.