Major insurance companies such as AIG are banning together in an effort to relocate its headquarters in the result of Brexit.
The UK’s membership in the EU has allowed free trade across the entire EU and UK market. However, in the aftermath of Brexit insurers might have a limit on how much business they can write without further local capital requirements or have the market advantage taken away from them all together.
Whether its a hard or soft Brexit will determine if insurance companies will have access to the single market. Insueres will have a major resources and most issues leading them to believe that their businesses might prosper elsewhere in Europe.
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HeadlineBrexit Aftermath: Insurers debating to leave UK
Short Headline
Standfirst
Major insurance companies such as AIG are banning together in an effort to relocate its headquarters in the result of Brexit.
The UK’s membership in the EU has allowed free trade across the entire EU and UK market. However, in the aftermath of Brexit insurers might have a limit on how much business they can write without further local capital requirements or have the market advantage taken away from them all together.
Whether its a hard or soft Brexit will determine if insurance companies will have access to the single market. Insueres will have a major resources and most issues leading them to believe that their businesses might prosper elsewhere in Europe.
