Wade calls for cross-border industry action on Brexit

London market protagonists and European reinsurers should
together lobby to secure an "equivalence" regime for the
UK with the EU so that the industry isn't burdened with
individual regulators' collateral requirements after Brexit,
said insurance industry veteran Michael Wade.
Wade, a senior adviser to the Cabinet Office and to Swiss Re,
was speaking in a personal capacity at an event to discuss Brexit
organised by insurance software maker Sequel.
The former Besso chairman noted that EU reinsure