JLT: M&A insurance demand down 20% due to Brexit

The UK's vote to leave the European Union has resulted in a 20
percent fall in the purchase of warranty and indemnity policies,
according to JLT Specialty.
In its global M&A insurance index, the broker said
uncertainty leading up to and immediately after Brexit had impacted
M&A activity.
This decrease in demand has also triggered a fall in pricing, as
insurers come under increasing pressure to win deals.
According to JLT, pricing has dropped around 9.7 percent
year-on-year, with premiums