Following the UK’s withdrawal from the EU, UK insurers and intermediaries will no longer be able to rely on passporting rights to access to European markets. Similarly, EEA insurers and intermediaries will no longer be able to rely on passporting rights to access the UK. This section explains that without the appropriate regulatory permissions UK intermediaries might no longer be able to place certain European risks with capacity providers. Whether authorisation might be required in relation to any given jurisdiction is likely depend on the location of the risk, the residence of the customer and the place where the ‘activity’ is conducted.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.