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MercoPress, en Español

Montevideo, April 19th 2024 - 11:21 UTC

Tag: UK insurance sector

  • Friday, August 10th 2018 - 07:55 UTC

    Insurance industry predicts a “nightmare scenario” in a no-deal Brexit

    Slow progress in Brexit negotiations 'has forced many insurance companies to draw up plans to move part of their business out of UK, with Dublin favored'

    A no-deal Brexit would be a “nightmare scenario” for the insurance industry and must be avoided “at all costs” to safeguard the future of the sector, a new report has warned.The report by global law firm Kennedys said that slow progress in Brexit negotiations has forced many insurance companies to draw up – and in some cases implement – plans to move part of their business out of the UK, with Dublin a favored destination.

  • Wednesday, April 9th 2014 - 06:37 UTC

    Chancellor welcomes insurer’s plans to boost Brazilian activity

    Lloyd's, with headquarters in Rio do Janeiro, is Brazil second largest insurer with a 12% market share

    Chancellor of the Exchequer George Osborne welcomed the decision by insurer Hiscox to join the Lloyd’s Brazil reinsurance platform during his current trip to Brazil. This will allow Hiscox to grow its Brazilian business, enabling it to talk directly to potential customers and better understand the local market.