Brexit poses “grave threat” to insurance market

Lloyd's, the International Underwriting Centre and Fidelis warn of 34,000 job losses and significant risk to London market if Britain leaves EU.

The International Underwriting Association of London (IUA), Lloyd's, and Richard Brindle, group chief executive officer of Fidelis, have warned of job losses and a significant risk to business in London's insurance market if Britain votes to leave the EU.

Inga Beale, chief executive of Lloyd's said: "Lloyd's sits at the heart of the London insurance market and it is the global scope of our activities, the framework that we provide to transact insurance business across the EU and the rest of the