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MGAs should buckle up for a ‘hard Brexit’ says Clyde and Co

By 2021-02-15T08:27:00

Brexit (3)

Reverse branching could provide a solution for insurance intermediaries that wish to continue trading in the EEA following Brexit, says law firm partner

Managing general agents (MGAs) will need to prepare for a “hard Brexit” as “there is no right for UK MGAs to carry out insurance distribution” in the European Economic Area (EEA), despite the confirmed Trade and Cooperation Agreement (TCA), said William Hogarth, partner at law firm Clyde and Co.

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