September 19, 2016

Brexit: a legal analysis of the impact on European insurers’ operations

As a result of the referendum organised on 23 June 2016, the United Kingdom will leave the European Union at a date and under modalities which are yet to be determined. The consequences of what is now referred to as "Brexit" are difficult to apprehend, especially in relation to insurers operating on a cross-border basis either from or to the United Kingdom.

This article provides a preliminary analysis of the legal consequences of Brexit, including the potentially long-lasting uncertainty resulting from the United Kingdom leaving the European Union, and attempts to identify potential options for insurers.