There is no provision for equivalence in the IDD and this means brokers with EU clients need to set up EU entities to trade in the bloc.
Commission states it accepts the National Crime Agency’s conclusions that it found no evidence that any criminal offences had been committed after it investigated loans totalling £8m provided to the Leave.EU campaign from one of Banks' other companies.
The legal framework previously in place needs to be changed due to Brexit, with firms having until 11 May to respond.
The regulator examined several areas of potential harm in its annual review of the general insurance sector.
Executive chairman Ashwin Mistry says firm's income and GWP have been impacted by broker members selling up.
Firm reveals an increase in turnover but a drop in Ebitda for the year as it lists consolidation and Brexit as challenges affecting the business.
Exclusive: Research from Mazars shows 83% of brokers feel that the current levels of consolidation are sustainable.
Broker also posts rise in revenue for the year as CEO Greg Case says business saw its strongest level of organic growth in over 15 years.
There will be no change to EEA firms 'passporting' into the UK from tomorrow (31 January), but the temporary permissions regime will be used if the UK and EU fail to sign an agreement by 31 December 2020.
Manifesto includes 37 commitments and 29 calls for action across nine key areas including regulation, broking challenges, Brexit, and transport.
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
German MGA Getsafe, which offers digital contents insurance, was established two years ago.
Motor broker MCL relocates and registers Irish operation to Swords, Dublin to enable it to continue trading as normal following UK’s EU exit.
Merger had originally been expected to be completed by the end of 2018.
CEO Chris Rolland had warned commentators of short-term disruption back in 2018.
Sarah Mallaby, director of broker markets at Allianz, reviews 2019 and Peter Blanc, group CEO at Aston Lark, looks ahead to 2020.
Andrew Alcock, COO at TH March, reviews the events of 2019 and Phil Bayles, CDO at Aviva, outlines what we can expect from the New Year.
Andrew Brown-Allan, CMO at Carrot Insurance, explains his year in insurance and what we can expect next.
David Martin, head of retail management at Zurich UK, looks back at 2019 and Ashwin Mistry, chairman at Brokerbility, looks forward to 2020.
Tracey, who is chair of the All-Party Parliamentary Group for Insurance and Financial Services, got 65.9% of votes in North Warwickshire and Bedworth.
The Be Wiser boss reflects on the top insurance issues of 2019 and shares his predictions for the industry in 2020.
The Alexander Miller MD, who is a Conservative cabinet member on Wandsworth Council, says voting patterns are changing and highlights her belief in the importance of securing a Brexit deal.
Organisation also expects brokers to carry out the due diligence on replacement carriers.
Broker is retaining its London headquarters and noted that its “commitment to the UK and the important London insurance market remains unchanged”.