Insurance Jottings

BaFin issues new rules as UK (re)insurers lose EU passporting rights

Germany’s Federal Financial Supervisory Authority (BaFin) has issued new rules preventing UK-headquartered (re)insurers from carrying out cross-border activities in Germany after the Brexit transition period ends.

Industry slams “no use to us” Brexit trade deal

The UK (re)insurance sector has voiced concerns that the post-Brexit trade deal will be of “no use” to the financial services sector as UK firms lose their European passporting rights from the 1^st January.