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EU, UK Insurance Regulators Agree To Cooperate After Brexit

Law360, London (March 5, 2019, 6:19 PM GMT) -- The European Union's insurance watchdog has reached tentative agreements with the U.K.'s financial regulators to preserve the supervision of the insurance industry if Britain crashes out of the EU later this month, the agencies said on Tuesday.

The European Insurance and Occupational Pensions Authority has reached the deals with the Financial Conduct Authority and the Prudential Regulation Authority, the FCA and PRA said in a joint statement.

The agreements mean the agencies will be able to continue cooperating and sharing information in the event of a no-deal Brexit on March 29.

"We have enjoyed a strong working relationship with our European...

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