Insurance

Brexit Continuity Clauses: what policyholders need to know

We have assisted Airmic to produce a guide for policyholders on Continuity Clauses, which some in the insurance market are using to prepare for the impact of Brexit. The clauses aim to provide a level of contract continuity in the event … Continue reading

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First batch of UK Government’s Brexit ‘no deal’ technical notices released

Today the UK Government released the first of an anticipated three batches of technical notices about the impact of a “no deal” scenario at the end of March 2019. These are available here. This first batch is of 25 and … Continue reading

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Filed under "No Deal" UK papers, Banking & asset management, Employment, Energy, Financial services, Insurance, State aid, Trade, UK-EU negotiations

EIGHT MONTHS TO BREXIT: IS YOUR BUSINESS PREPARED?

As the clock ticks down to 29 March 2019, the UK and the EU are stepping up their preparations for the possibility of a “no-deal” outcome. From a corporate governance and risk management perspective, businesses that have not done so … Continue reading

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Filed under ADR, Arbitration, Aviation, Banking & asset management, Capital markets, Competition, Construction, Consumer, Contract, Corporate, Data protection, Development, Disputes, Employment, Energy, Environment, Finance, Financial services, Infrastructure, Insolvency, Insurance, Intellectual property, Manufacturing, Mining, Pharma, Planning, Private wealth, Public international law, Real estate, Risk & due diligence, State aid, Tax, TMT, Trade, Transport, UK-EU negotiations

EIOPA issues second warning about the impact of Brexit on insurance contracts

EIOPA has published an opinion and FAQs emphasising the need for insurers and insurance intermediaries to explain to policyholders how Brexit will affect their insurance cover. At first sight, EIOPA’s comments appear to reinforce concerns that political compromise cannot be … Continue reading

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Filed under Financial services, Insurance

Brexit 9 months to go: Brexit Legal Guide

As business makes increasingly vocal calls for legal certainty we are pleased to launch this updated Brexit Legal Guide. The new online guide will be regularly updated as the legal impact of Brexit evolves. Forthcoming updates will include reaction to … Continue reading

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Filed under Aviation, Banking & asset management, Capital markets, Competition, Contract, Corporate, Data protection, Disputes, Employment, Energy, Financial services, Insurance, Intellectual property, Real estate, State aid, Tax, TMT, Trade

BREXIT UPDATE – EEA (RE)INSURERS

The post below was first published on our Insurance blog EEA insurers and reinsurers doing business in the UK under the insurance passport must prepare for the UK’s withdrawal from the EU. We consider, in our latest “At a Glance” guide, … Continue reading

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PRA AND FCA CLARIFY IMPACT OF BREXIT TRANSITION FOR INSURANCE SECTOR

The post below was first published on our Insurance blog Recent announcements made by the PRA and FCA clarify their approach to Brexit following the European Council’s agreement to a transition period for the UK’s withdrawal from the EU. In particular, … Continue reading

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Brexit – PRA consults on approach to UK branches of incoming insurers

The post below was first published on our Insurance blog On 20 December 2017, the Treasury, PRA and FCA clarified their approach to EEA-headquartered financial services firms wishing to carry on business in the UK post-Brexit. More recent evidence to the House of Commons … Continue reading

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Brexit – EIOPA publishes opinion on cross-border legacy business

This post was originally published on our Insurance notes blog. An opinion published by EIOPA on 21 December 2017 raises concerns for UK insurers who have policyholders in EEA states other than the UK. This will include, for example, every life … Continue reading

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DELAY TO IDD START DATE/GUIDANCE ON UK APPROACH TO BREXIT

The post below was first published on our Insurance blog Delay to IDD start date The EU Commission published draft legislation today (in the form of a proposed Directive and a proposed Delegated Regulation) to delay the IDD start date to … Continue reading

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