Investment Matters

Company news: QBE Insurance

QBE Insurance announced that should EU passporting rules (which allows UK businesses to provide financial services from the UK into other EU countries) not remain under the Brexit, it will need to establish new licenced entities in EU countries.

This is to continue to write GBP500m of insurance and reinsurance currently sourced from European countries but written via the UK. 

The company expects to have two years (or more) to allow a transition to be made (if it ends up being required).