On 23 June 2016 it has happened after all: On June the referendum voted to leave. This will result in lengthy negotiations regarding the conditions of Brexit and in new agreements between the UK and the EU.
Several weeks ago and in cooperation with our partner law firm in London, DAC Beachcroft, we have pulled a team of experts together that monitors and assesses these developments
- which effects Brexit has in terms of supervisory and contract law on the already existing German business (branches/exchange of services that is operated by UK insurance companies),
- how it will be possible in future to operate insurance business in the EU/EEA as well as in the UK in case of a privileged EU-partnership,
- the effects of Brexit, in case a EU/EEA-insurer asserts claims against service providers in the UK,
- which effects Brexit has in case of co-insurance under participation of a UK insurer, and
- how it is possible to establish risk carriers in the EU/EEA.
Of course we are glad to provide you with assistance and support.