Lloyd’s of London News
More Than 60 Insurers in Gibraltar Could Bypass Brexit Through Spain
A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea ...
EU Urges Financial Firms to Plan for Brexit Now Despite Transition Deal
European Union regulators urged banks, investors and customers on Thursday to take "timely action" to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain ...
Britain’s Financial Watchdog Calls for EU Brexit Coordination
Britain's financial watchdog called on Monday for immediate coordination with European Union counterparts to ensure that Brexit is as smooth and stable as possible for markets. The Financial Conduct ...
Brexit Will Move 5,000 UK Finance Jobs, Half of Earlier Projections: Reuters Survey
The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of ...
Insurers, Banks to Get Brexit Update From Bank of England
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. "The Bank of England ...
Attritional and Catastrophe Losses Hammered Lloyd’s 2017 Results
The Lloyd's market's pre-tax loss of $2.8 billion in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued deterioration ...
Lloyd’s CEO Beale Urges Brexit Fix for European Insurance Contracts
Lloyd's of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe. ...
Insurers, Banks Full Speed Ahead on Brexit Moves Despite Transition Deal
London-based banks and other financial firms won't put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials ...