BoE warns high court of insurance Brexit fallout

The Bank of England

The Bank of England alerted the UK’s High Court to potential disruptions Brexit would bring to the insurance sector earlier this year, minutes from the latest meeting of its Financial Policy Committee have revealed.

A number of insurance policyholders could lose the permission required to collect premiums and pay out on claims on outstanding cross-border insurance contracts following Brexit, the BoE explains in minutes published today (December 5).

While the Prudential Regulation Authority and

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