As we discussed before 96% of Llyods Insurance business is outside the EU, they are looking at a small rep office in Malta to “front” the 4% if needed
Well given that I head up the underwriting operations in europe and beyond for one of the biggest insurers in the world, I think I’m more than aware of how lloyds works.
The ability of lloyds underwriters to situs contracts will be severely impacted by brexit once passporting goes away. The freedom of service licences UK insurers use to sell business across Europe will be wiped out
Why buy from a UK insurer with countless hoops to jump through when you can buy from an EU insurer with none of those issues.
Well she is the PM and leader of the party who promised to implement the result of the referendum. She is simply keeping her word despite the damage it will do her. Quite magnanimous really when you think about it.