As the UK parliament continues to wrangle over the best way forward for Brexit, rating agency AM Best said UK-domiciled insurers were “well prepared” for the outcome, “regardless of when or under what terms the UK leaves the EU”. Brexit, AM Best, Part VII transfers, EEA, UK-domiciled insurers, passporting rights, Germany, France, European Insurance and Occupational Pensions Authorit
Rating agency AM Best has said that UK-domiciled insurers were “well-prepared” for Brexit, regardless of the conditions under which the UK leaves the EU. The report also found that a majority of British firms are planning to increase their exposure in Europe and will be looking at how they can benefit from Brexit as well as what impact it could have on Under the regime, EEA insurers will be able to operate in the UK for up to three years after Brexit while applying for UK regulatory approval.