Brokers left in the dark

Brokers still face uncertainty around the proposed models that maintain access to London for European risk, according to London International Insurance Brokers Association (LIIBA). Speaking at a joint LIIBA-Lloyd’s Brexit seminar, Christopher Croft, chief executive of LIIBA, said that while media reports of a UK-EU financial services deal were positive, a lack of clarity around the Insurance Distribution Directive (IDD) meant that brokers have not received the green light that a wholesale broking model would be acceptable.

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