Planning for the unknown Operating from the UK into the EEA?
Decide how to run off
the existing business
Establish an EU branch
Plan to close down EU operations
Consider sale of renewal rights to third
Consider transfer of EU portfolio to third party
These rights have value, so the clock is ticking.
Decisions and actions are needed as the renewal date approaches
Are we currently operating from the UK into the EEA on a branch basis
using EEA passporting rights?
Do we wish to continue?
Review the scale of that business to determine
whether we should continue to write our EU business, and if so, how
Establish an EU subsidiary
Find EU insurer to front the business
There may be increased competition for attractive
targets, in order for transactions to be completed before the UK withdraws from the EU
Acquire an EU insurer