The 400 Brexit contingency plans from insurers and others is swamping the Prudential Regulation Authority.
Commenting on the letter CEO of the Prudential Regulation Authority, Sam Woods, has sent to Chair of the Treasury Committee Nicky Morgan, Director General of the Association of British Insurers Huw Evans said:
That's according to Britain’s Brexit minister David Davies who has revealed that the EU plans to restrict residency rights of British expatriates living within in the EU once the UK leaves.
Nicky Morgan, new chair of the Treasury Committee, has written to Sam Woods, CEO of the Prudential Regulation Authority requesting information on the PRA’s recent survey of regulated firms that undertake cross-border activities between the UK and the rest of the EU.
With the clock ticking on Brexit negotiations, insurers and brokers can rest assured that governments are working 24/7 towards solutions.
Hold on - most civil servants and politicians have gone off on holiday.
US underwriter Starr Companies is setting up an insurance subsidiary in Malta, if it is granted a license by the Malta Financial Services Authority.
The European Union Committee publishes its report on Brexit and devolution, concluding that on the day of Brexit, all powers currently exercised by the EU will 'by default, be exercised in accordance with pre-existing statutory provisions.
Theo Leonard at the Department for Exiting the European Union (DExEU) says, "In discussions with businesses access to talent is the issue raised most consistently .We have received a very clear message from businesses that being able to access talent and attract skilled staff is a real concern. A very specific part of the early negotiations will focus on workforce issues, such as the future status of EU citizens already working here.”
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