The updated Insurance section of our Brexit Legal Guide is now available.
This provides a useful overview, amongst other things, of whether the end of the transition period:
- requires incoming EEA (re)insurers and (re)insurance intermediaries to apply for, and obtain, full authorisation for their UK operations;
- will impact UK firms wishing to conduct activities in other jurisdictions without the benefit of passporting rights; and
- will result in the UK's regulation of (re)insurers following Solvency II closely or departing from its standards.
If you would like to discuss specific arrangements for support through the risks of the move to an uncertain future relationship, on how you might express the concerns of your business to governments, on dispute risks that may arise, or on any other questions or challenges you have, please do contact your regular Herbert Smith Freehills relationship contacts, or otherwise any of our experts listed here.
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Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.