Latest Brexit Headlines
All the headlines from our Brexit Topic Page, ordered by recency.
XL Group Picks Dublin for Post-Brexit EU Headquarters
Sep 20 2017 // XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer...
Britain to Lose Out on 10,000 Finance Jobs in First Wave of Brexit Reaction: Reuters Survey
Sep 18 2017 // Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of...
Chubb Picks France for Post-Brexit European Headquarters If UK Exits EU
Sep 11 2017 // Chubb Limited intends to relocate its European Union headquarters to France if the United Kingdom leaves the EU as expected in March 2019. The insurer said the decision to choose France as Chubb’s preferred...
Tokio Marine Plans to Set Up Luxembourg Unit in Preparation for Brexit
Sep 6 2017 // Tokio Marine Group announced that it is seeking regulatory approval to establish an insurance company in Luxembourg, to be prepared for Brexit. Through several of its subsidiaries, principally Tokio Marine HCC and Tokio...
Brexit Could Be Reversed if Economic Pain Sways Public Opinion: Former Minister
Sep 6 2017 // Brexit could be reversed if economic pain prompts a change in public opinion that brings a new generation of political leaders to power in Britain, former Conservative minister Michael Heseltine said. Heseltine, who helped...
UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients
Aug 30 2017 // Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the...
UK Economy Begins to Feel Brexit Pinch – or Perhaps Brexit Punch
Aug 25 2017 // Britain’s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch. After a prolonged period of relatively benign economic numbers...
UK Financial Services Sector Seeking ‘Ambitious’ Brexit Trade Agreement
Aug 24 2017 // The UK’s financial sector is seeking an “ambitious” trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves the...
UK-EU Post-Brexit Trade Deal ‘Desirable but Not Essential’: Report
Aug 18 2017 // A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a...
UK Seeks Interim Post-Brexit Transitional Deal with EU
Aug 15 2017 // Britain has said it wants an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods, but that it will also seek the right to negotiate other trade deals — a...
UK’s Dithering Over Transitional Brexit Deal Must Stop: Opinion
Aug 14 2017 // The Brexit deadline of March 2019 creeps ever closer, and exit talks are under way — but Britain’s government still doesn’t know what it wants. This failure to set a clear goal, much less devise a...
Post-Brexit Implementation Period ‘Desirable’ for UK, EU Firms: Bank of England
Aug 9 2017 // The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability. With the UK due to leave the bloc in...
UK Businesses Struggle to Hire ‘Brightest & Best’; Recruiters Blame Brexit Vote
Aug 8 2017 // A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year’s Brexit vote, a group representing recruitment agencies said on Tuesday. The Recruitment...
Brexit Transition Period Crucial to Protect London as Financial Center: UK Lawmaker
Aug 2 2017 // Transitional arrangements after leaving the European Union in 2019 will be crucial for protecting the economy and the City of London’s global role in finance, a senior British lawmaker said on Tuesday. Nicky Morgan,...
UK Lawmakers Eye Options for Insurers, Banks to Keep Post-Brexit Access to EU
Jul 24 2017 // British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial affairs committee said it...
UK Faces ‘Substantial’ Risk of Failure of Brexit Talks, Moody’s Warns
Jul 19 2017 // The risk that the UK will tumble out of the European Union in two years without a Brexit deal is “substantial,” Moody’s Investors Service said. Such an outcome would affect everything from banks to buses...
Brexit Must Be Stopped to Prevent Severe Economic Harm to UK: Former PM Blair
Jul 17 2017 // There’s a chance Britain won’t leave the European Union, former Prime Minister Tony Blair said Saturday, arguing that stopping Brexit is “necessary” to avoid severe economic damage. In an article...
Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
Jul 13 2017 // The insurance and long-term savings sector is one of the UK’s most productive industries, adding more than £40 billion (US$51.5 billion) a year to the economy and helping Britain thrive, according to a study...
Brexit Should Preserve Free Trade for Financial Services: FCA’s Bailey
Jul 7 2017 // Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK’s Financial Conduct Authority told a Reuters Newsmaker...
UK Risks Losing Status as Europe’s Top Finance Center After Brexit: Report
Jul 6 2017 // Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a report published...
