UK - AM Best warns insurers about Brexit
Saturday, 01 21 2017, Category: Insurance and Reinsurance, Country: United Kingdom
Cost implications of continuing to access EU business and any downturn in the UK economy resulting from Brexit are likely to weigh on insurers, according to an AM Best report titled “Brexit Uncertainties Weigh on UK Insurers but Rated Entities Able to Withstand Pressure.”
In a long awaited speech on Tuesday January 17, UK’s Prime Minister Theresa May said that the UK "cannot possibly" remain within the European single market.
Source: Intelligent Insurer