Will the UK Financial Services Industry be Affected by Brexit?

November 28, 2019November 28, 2019 Guest Author

The UK has for many decades been a financial services hub within Europe and the World, with large financial services companies being head quartered in the UK or operating their EMEA or European operations in the City of London. With the potential exit from the European Union (EU), many customers of these large financial institutions will be concerned whether their products and services will still be valid following Brexit. At the present time any financial services organization authorized to operate in any European Economic Area (EEA) country can conduct business…

The Brexit insurance industry impact is already showing

June 27, 2016June 25, 2016 Julie Campbell

One of the first things that happened following the announcement of the voting results was plummeting shares. Across the United Kingdom, the Brexit insurance industry impact was felt right away as the voting results were revealed. Shares throughout the sector plummeted, leaving investors and insurers reeling. Growing fears from experts appear to have taken an axe to stock prices. The main concern is the effect the Brexit will have on Lloyd’s of London, the massive insurance market. Lloyd’s currently enjoys a special appeal to other insurance companies. This is because…