brexit

Following the Brexit votes in the UK Parliament on 14 March, Jo Willaert, President of FERMA, said: “The UK Parliament’s rejection of the proposed withdrawal agreement and then the request for an extension prolong and aggravate the uncertainty. There is frustration, and a certain fatigue about the continuing disorder and lack of clarity
The European Commission and EU 27 countries are planning for the consequences of a hard Brexit in case Britain leaves the EU on 29 March with no deal agreed. These includes measures to try and minimise supply chain disruption and ensure the continuity of key personnel.

by Benno Reischel, Head of Europe, Lloyd’s

Two years ago, before the Brexit referendum, only 25% of European risk managers thought their firms would be ‘severely affected’ by the UK leaving the EU (1). 

Hard Brexit on the horizon: unique opportunity for risk managers to demonstrate leadership role
The European Insurance and Occupational Pensions Authority (EIOPA) has issued an official opinion paper about continuity of service in insurance from 30 March 2019 following Brexit day.
Major UK and US insurers have announced plans to relocate offices or create new subsidiaries within the European Union to continue to continue serving clients under the passporting system as the UK negotiates its departure from the EU.
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By the time you read this newsletter, the UK may already have its new government. Whichever party wins...
On the day that Britain formally began the process of leaving the European Union...
Two very significant events took place in the European Union in March. On 25 March, the EU celebrated the 60th anniversary of the signing of the Treaty of Rome...
The European Commission’s Economic Outlook 2017, published on 14 February, was unexpectedly positive...
“This is a major political event with considerable consequences for the UK and for the EU. UK’s decision opens up a period of uncertainty, which will impact companies until the negotiations of the exit terms are set. Risk managers have an important role to play to help companies navigate in this new environment and with their risk management expertise
FERMA is closely monitoring developments at European level following the vote by the United Kingdom to leave the European Union so that we can keep our members informed.