The UK and Switzerland have agreed a deal to allow insurers to trade freely after Brexit . With global insurance firms such as Swiss Re , Zurich Insurance plc , Aviva and reliance being based in the respective countries , it was considered mutually beneficial to build an agreement that would mimic the current insurance deal between the EU and uk . The UK 's Chancellor of the Exchequer Philip Hammond and President of the Swiss Confederation Ueli Maurer signed the agreement at the World Economic Forum in Davos , Switzerland . The announcement follows last year 's UK - US covered deal for insurance after Britain leaves the uk .
The UK and Switzerland have agreed a deal to allow insurers to trade freely after Brexit. With global insurance firms such as Swiss Re, Zurich Insurance Group, Aviva and Prudential being based in the two countries, it was considered mutually beneficial to build an agreement that would mimic the current insurance deal between the EU and Switzerland. The UK's Chancellor of the Exchequer Philip Hammond and President of the Swiss Confederation Ueli Maurer signed the agreement at the World Economic Forum in Davos, Switzerland. The announcement follows last year's UK-US covered agreement for insurance after Britain leaves the EU.