UK Policyholders Must Beware Pre-Brexit Policy Transfers

Law360 (March 7, 2018, 2:45 PM EST) -- Recent disclosures by U.K. insurance regulators have highlighted the possibility of an imminent flood of applications by U.K. insurers to the English courts to transfer policies from U.K. insurers to EU-based affiliates of those insurers. Policyholders affected by these transfers will need to scrutinize them closely.

Insurers are reported to be preparing such transfers in order to avoid regulatory pitfalls caused by Brexit, which could include an inability to pay claims to EU entities (including EU subsidiaries of U.S. corporations).

Policyholders need however to be vigilant...
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