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.
Lloyd’s has put plans on hold to launch an index for diversified insurance risks as it assesses the impact of Brexit. The aim of the Index service was to offer either line specific or whole-of-market indices and date for use in risk transfer transactions, and potentially provide a means for alternative capital to access Lloyd’s business.