Brexit a ‘grave concern’ for London market: IUA

The trade body representing the London company market has issued a stark warning against the UK voting to leave the European Union.

“The feedback we have received from our members clearly shows that the benefits of EU membership are highly valued and the possibility of these advantages disappearing is of grave concern,” said Dave Matcham, CEO of the International Underwriting Association (IUA).

The IUA represents the London company market, which wrote £15.9bn ($23.0bn) of premiums in 2014…Read more at The Insurance Insider