Biba Scotland: Uncertainty in the country

Mr Trudgill, while not expressing an opinion for or against Scottish independence, told the audience at the Biba Scotland conference: "We think that a different regulator for Scotland could be a huge concern," before turning to potential complications on policy wordings, tax, currency and access to markets.

"The policy wordings [written] in English law could change with issues there," he cited, along with raising the topic of what a different tax regime would mean for insurance premium tax (IPT)