At the BRexit Briefing held on 6th November 2018, the following updates were provided:-
FCA will outline their position with regarding to temporary permissions of EU passported in insurers
The LMG will provide:
1. An overview of the work that the LMG and LIIBA have done with Government and regulators;
2. How Brexit affects the placement of binding authorities in London;
3. How Brexit affects the distribution model for MGAAs;
4. A summary on where we are – Chequers and beyond.
The IUA will outline the position of insurance companies, where they are situated and what their processes are to maintain insurance coverage
Lloyd’s will update members in relation to the current status of Lloyd’s Brussels set up and their “on-target” for writing business commencing 1st January 2019.