© Reuters. Insurance body calls for ‘equivalence’ access to EU reinsurance market after Brexit

LONDON (Reuters) – Britain should seek “equivalence” based market access to the European Union for the reinsurance market after Brexit, insurance lobby group London Market Group (LMG) said on Monday.

There was little appetite among its members for “regulatory upheaval” after Brexit, the group, which represents commercial insurers in the Lloyd’s of London market and elsewhere in Britain, said in a Brexit update.

It said the consequences of a no-deal Brexit would be “significant”.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link