London market can prevail despite Brexit
Wednesday, 06 29 2016, Category: Islamic Insurance, Country: United Kingdom
Lloyd’s chief executive officer Inga Beale believes that Lloyd’s and the London insurance market will adapt to the new environment after the UK has officially left the EU and that London can maintain its position as the global heart of specialist insurance and reinsurance.
“Lloyd’s will press ahead by implementing our contingency plan, which is designed to ensure we can continue to trade in our key European markets,” she wrote in an open letter in the Financial Times.
“It is important to note that, until the formal negotiations to leave the EU are concluded, Lloyd’s and the London market will retain all current access to EU markets for the next two years.” she added.
Source: Intelligent Insurer