Insight and Intelligence on the London & International Insurance Markets

20 April 2018

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Wade calls for cross-border industry action on Brexit

Laura Board 31 January 2017

London market protagonists and European reinsurers should together lobby to secure an "equivalence" regime for the UK with the EU so that the industry isn't burdened with individual regulators' collateral requirements after Brexit, said insurance industry veteran Michael Wade.

Wade, a senior adviser to the Cabinet Office and to Swiss Re, was speaking in a personal capacity at an event to discuss Brexit organised by insurance software maker Sequel.

The former Besso chairman noted that EU reinsurers can provide reinsurance...

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