Research says Brexit would “damage” insurance

Brexit

Study claims that two thirds in the insurance market think exiting the EU would be bad for business.

Two thirds of broker, insurer and service providers in the international London market believe leaving the European Union would hurt or damage Lloyd's.

According to research commissioned by Haggie Partners 68.7% of market practitioners believe Brexit would "hurt" or "severely damage" Lloyd's of London. Slightly more than a quarter (25.1%) believe it will have no impact, while only 6.2% believe Brexit would benefit Lloyd's.

The survey also showed that amongst brokers, who source Lloyd's business

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