Following the latest updates from the FCA, IGI can make the following statement with regard to our overall Brexit position:
- On 31 January 2020, the UK withdrew formally from the EU. The UK Government has agreed to a transition period with the EU that will last until the end of 2020. During this time, all EU law, rules and regulations will still apply in the UK and between the UK and the EU.
- IGI’s Brexit solution involves establishing an insurance operation in an EU member state. Due in part to the impact of Covid-19, the engagement in this process has taken longer than anticipated.
We are confident of our EU operation being established in the near future. We cannot guarantee that this will be prior to the end of the transition period being 31.12.2020.
- All business that has been written up to and including 31.12.2020 will be honored. We will meet all our contractual commitments including the payment of valid claims (in accordance with our commitment to treating customers fairly).
- For any further information please do not hesitate to contact your usual underwriting team contacts or alternatively you can email email@example.com