Thursday February 27, 2020

Insurers call for fast-track Irish Brexit escape route

‘Grandfathered’ regulatory approval to smooth transition

10th July, 2016
Kevin Thompson, chief executive of Insurance Ireland Pic: RollingNews.ie

Insurers are calling for a regulatory fast-tracking process to make the Irish market more attractive for British insurers in the wake of the Brexit vote.

So-called grandfathering proposals being put forward by Insurance Ireland, the representative body for the Irish insurance sector, would see British insurers given credits for prior approval in other markets, in a bid to speed up the prudential regulatory authorisation process.

Kevin Thompson, chief executive of Insurance Ireland, called on the...

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