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City Lobby Wants Insurance Rules Included In Brexit Deal

Law360, London (December 6, 2018, 3:33 PM GMT) -- British insurers and their customers will be left vulnerable after March 2019 because gaps in the prime minister’s draft Brexit deal mean that Europe’s capital rulebook and consumer protection measures will not extend to them, an insurance trade body has warned.

The London Market Group, an insurance lobby representing the City of London’s commercial insurers and brokers, said on Wednesday that the withdrawal agreement does not have an equivalent U.K framework for the Solvency II directive, the bloc’s rulebook that forces insurers to shore up capital to protect them in a crisis.

The deal also fails to offer safeguards found in the...
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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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