FIN.

Lloyd’s reacts to Brexit developments

Reacting to the news that the UK and EU are planning to move to the next phase of Brexit talks, Lloyds has released a press release stating that it is pleased that the Brexit talks can now enter the second phase focusing on trade and that an agreement has been reached with regards to the rights of EU citizens in the UK.

However, Lloyds states that the insurance sector still urgently needs certainty on the UK’s future trading relationship with the EU and that the priority must be to ensure mutual insurance and reinsurance market access once the UK leaves the EU.

 

FIN. Team