Bruce Carnegie-Brown, Chairman of Lloyd’s, said:

“We welcome the government’s proactive approach to the supervision of international insurers, which, if applied, would help the continuity of business through the post-Brexit implementation period. This will provide greater certainty to insurers and UK policyholders, reinforcing London’s position as the world’s leading insurance centre. This is a very positive development, which will contribute to financial stability to the benefit of all parties in the insurance sector.”

See also

Bank of England news release: The Bank of England’s approach to the authorisation and supervision of international banks, insurers and central counterparties