UK insurers can withstand Brexit pressure: AM Best

AM Best does not anticipate any rating actions for UK insurers
due to Brexit despite the expected impact of loss of access to EU
business and economic challenges in the country.
In a statement released yesterday AM Best said while it did not
expect to take rating actions as a direct consequence of Brexit,
the vote was overall a credit negative for the UK insurance
industry.
The rating agency cited increased economic and regulatory
uncertainty, as well as the potential...