Brexit terminates the possibility for UK MGA’s to provide insurance brokering services on the basis of an EU passport. The alternative is to set up an EU based company that provides these services throughout the EU. But what is the most efficient location in the EU to set up business?
Five lawyers, from EU jurisdictions, present in a nutshell the pros and cons of establishing an MGA in their jurisdiction. Paul Edmonson and Pippa Tasker from CMS UK, with ample experience on cross border issues, will provide their comments with a helicopter view from an UK perspective. Lloyd’s will provide an update on the Lloyd’s Brussels subsidiary and their next steps.
