bs-preloader__icon
ru kz en

Lloyd's head negatively assesses the consequences of Brexit for British insurance

The chief executive officer of the London insurance market Lloyd's Inga Beal in her interview with the BBC commented on the exit strategy of the UK from the European Union, set out in the "white paper" Brexit, ukrstrahovanie.com.ua reports.
Lloyd's head negatively assesses the consequences of Brexit for British insurance

According to Beal, the British government's plans for future cooperation with the EU will help to strengthen the outflow of companies from the UK.

"We will no longer have the right to write business or offer insurance within the EU 27, and this can lead to a weakening of our positions", Beal said. "It's very disappointing, because we are basically 80% of the UK economy."

Lloyd's comment echoes the opinion of other representatives of British financial sector, they do not exclude the negative impact of Brexit on the banks’ and insurers’ activities, and also reduce the payrolls in the country.

The CEO of the Association of British Insurers, Hov Evans, added: "Whatever the result, the insurance industry is too important to become a refuge / ... / this is the worst scenario for our insurance sector, so we will contact the government to discuss a more acceptable option”.

Source: https://www.ukrstrahovanie.com.ua/news/glava-lloyd-s-negativno-otsenivaet-posledstviya-brexit-dlya-britanskogo-strahovaniya

Photos per website: billionnews.ru

Share
read also
A doctor listed foods recommended in case of heart diseases
A doctor listed foods recommended in case of heart diseases

People suffering from cardiovascular diseases need to include protein-rich foods such...

What will change in life insurance after the Russian Central Bank’s involvement?
What will change in life insurance after the Russian Central Bank’s involvement?

The Bank of Russia is going to tighten requirements to life insurance policies, and f...

The indicators on voluntary types of insurance have improved in Azerbaijan. Total premiums of insurers have grown.
The indicators on voluntary types of insurance have improved in Azerbaijan. Total premiums of insurers have grown.

As reported by the Financial Markets Supervision Chamber of (FMSC), the total premium...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application