Kennedys invited to present insurers’ view on Brexit at Parliamentary debate

We are pleased to announce that we will be presenting the views of the insurance industry at the All-Party Parliamentary Group (APPG) on Insurance and Financial Services debate on Brexit, which takes place today.

As Whitehall prepares to enter into Brexit negotiations, the meeting will provide an important opportunity for the insurance industry to raise its concerns around the UK leaving the European Union (EU) and help it negotiate a safeguard for the sector’s competitiveness.

Head of Corporate and Public Affairs, Deborah Newberry, will present findings from our insights report, Brexit: the insurers speak, which was published in May 2016.

The report highlighted near universal agreement among senior insurance executives that the UK leaving the EU would severely damage the London Market and could adversely impact the wider insurance market.

Also participating in the discussion will be:

  • Jonathan De Beer, senior adviser to the ABI’s director general;
  • Nicolas Aubert, chairman of the London Market Group;
  • Caroline Escott, senior policy adviser of the Association of Professional Financial Advisers; and
  • Steve White, CEO of the British Insurance Brokers’ Association (BIBA).

Financial services contributed £120bn to UK GDP in 2013* and Tuesday’s debate will be an important opportunity for insurers to have their say on what Brexit needs to look like to maintain the UK’s position as a global market leader. I am delighted that Kennedys can play an important part in these discussions.

Deborah Newberry, Head of Corporate and Public Affairs at Kennedys

Deborah adds: "As a firm, we are committed to working in partnership with our clients and the industry to understand and address issues that affect business. That includes actively seeking engagement opportunities with government to define the legislative and regulatory framework of tomorrow. This invitation is testament to that promise.”

The Insurance and Financial Services APPG focuses on issues of interest to the insurance and broader financial services sectors, especially where there are legislative implications. Chaired by Conservative MP Craig Tracey, former owner-manager of Dunelm Insurance, it is attended by a number of prominent and influential backbench MPs and peers from across the political spectrum.

The meeting is open to the public and will start at 4.30pm in Committee Room 18 of the House of Commons on Tuesday, 6 December 2016.

*Source: 2015 London Matters – The competitive position of the London Insurance Market by The Boston Consulting Group.