Brokers and insurers split over Brexit

A map of Europe lit up and connected with dotted lines

The 23 June referendum will leave one-half of the insurance industry unhappy.

The great debate of our time may have the nation split in two.

But the national conversation about the merits or otherwise of Brexit also appears to have the insurance industry divided into two camps as well.

Across the country those favouring leaving the European Union typically emphasise immigration and the need for greater control of borders.

Economic
They also often point to the issue of political sovereignty and a desire to reclaim powers ceded to the EU.

Proponents of remaining in Europe

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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