Latest Brexit Headlines
All the headlines from our Brexit Topic Page, ordered by recency.
EU Eyes Another Brexit Delay as U.K. Edges Toward Election to Break Impasse
Oct 23 2019 // EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible...
Now Boarding for Brexit: What Businesses Need to Do
Oct 22 2019 // Whether you are a U.S. firm or a firm from some other country and want to do business in the United Kingdom, the Brexit referendum may have changed your mind. In this article, we discuss some of the issues currently faced...
Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
Oct 18 2019 // Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union...
U.K. and EU Clinch 11th Hour Brexit Deal but Johnson Faces Parliament Hurdle
Oct 17 2019 // Britain secured a Brexit deal with the European Union on Thursday, more than three years after Britons voted to leave the bloc, but Prime Minister Boris Johnson must still win a knife-edge vote in parliament to get the...
EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow
Oct 17 2019 // Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a potentially lucrative new market for European health insurers. “I am indebted to France for my...
Demand for Trade Credit Insurance Grows Rapidly, as Brexit Fuels Insolvency Concerns
Oct 16 2019 // Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is feeling the pinch from the...
Post-Brexit Trade Deal for Financial Services Less Vital as UK Firms Set Up EU Hubs
Oct 16 2019 // The growing tally of UK-based banks, insurers and asset managers opening hubs in the European Union means that a post-Brexit trade deal in financial services may be of limited importance to either side, the New Financial...
Finance District Leader Calls Brexit a ‘Moment of High Risk’ for London
Oct 15 2019 // Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos
Oct 15 2019 // From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with...
No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers
Oct 11 2019 // If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of trucks backing...
Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors
Oct 9 2019 // Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a nightmare for the U.K. Now that scenario is shaping up as the biggest worry for the money managers at Allianz...
Brexit Talks Stall as EU Leaders Cast Doubt on Reaching Deal by Oct. 31
Oct 7 2019 // Prospects of a Brexit deal faded after talks between the two sides stalled and European leaders cast doubt on reaching an agreement in time for Oct. 31. French President Emmanuel Macron and Irish Prime Minister Leo...
PM Johnson, EU Have One Week to Agree on New Brexit Plan, or Another Delay Looms
Oct 4 2019 // Prime Minister Boris Johnson and the European Union have given themselves a week to agree on a Brexit plan. Otherwise, the U.K. will be heading for either a no-deal exit or another humiliating postponement of its departure...
UK PM’s Ultimatum to EU: Negotiate Brexit on His Terms, or Face No-Deal Divorce
Oct 2 2019 // Boris Johnson is poised to issue an ultimatum to the European Union on Wednesday: negotiate Brexit on his terms within the next nine days, or face a no-deal divorce. A key EU player has already rejected the prime...
Here’s How EU Officials Rate Chances of Brexit Deal – as Deadline Looms
Sep 30 2019 // It’s endgame time (again) on Brexit. A month before the U.K.’s scheduled departure, it seems to be anyone’s guess whether Prime Minister Boris Johnson will get a revised divorce deal with the European...
EU Loses Faith in PM Johnson’s Ability to Deliver Brexit Divorce Deal by Oct. 31
Sep 27 2019 // The European Union is rapidly losing faith that U.K. Prime Minister Boris Johnson can deliver a divorce deal by the Oct. 31 deadline, as Brexit talks stumble. EU officials view Johnson’s inflammatory rhetoric against...
Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit
Sep 24 2019 // Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities...
As Brexit Fatigue Grows, the Political Will to Prevent No-Deal Exit Is Evaporating
Sep 19 2019 // Brexit from afar is looking like a disaster about to happen. One European official, watching the situation up close, compared it to two cars driving at high speed toward each other with each expecting the other to swerve...
Risk of No-Deal Brexit Is Now ‘Palpable,’ Says EU’s Juncker
Sep 18 2019 // European Commission President Jean-Claude Juncker said on Wednesday that the risk of a no-deal Brexit on Oct. 31 is now “palpable,” sparking a drop in the pound. Juncker, speaking to the European Parliament in...
Prime Minister Johnson’s Brexit Plan Goes to Court as Latest EU Talks End in Failure
Sep 17 2019 // Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers will defend it in the U.K.’s highest court. Fresh from being lambasted by a...
