Lloyd’s has put plans on hold to launch an index for diversified insurance risks as it assesses the impact of Brexit. For Lloyd’s it is completely understandable that Brexit should take a priority and for those in the insurance-linked securities (ILS) and reinsurance market looking for a benchmark or index based on Lloyd’s performance, there are potential alternatives as we detailed recently here. The move follows a warning from Lloyds that its UK business could be hit by uncertainty over Britain’s future trading relationship with the EU after Britain leaves in March 2019.
Lloyd’s has put plans on hold to launch an index for diversified insurance risks as it assesses the impact of Brexit. The move follows a warning from Lloyds that its UK business could be hit by uncertainty over Britain’s future trading relationship with the EU after Britain leaves in March 2019.