Gibraltar’s future uncertain after Brexit
Friday, 09 23 2016, Category: Insurance and Reinsurance, Country: United Kingdom
The potential impact of Brexit means the future of Gibraltar as an insurance hub is uncertain and it could affect the shape of the UK insurance market, according to financial services research and insight firm Verdict Financial.
The insurance industry in Gibraltar collectively accounts for around £2.6 billion in UK motor insurance (commercial and personal lines), and around £3.3 billion across non-life general insurance.
Source: Intelligent Insurer