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Lobby Floats Insurance Framework For Brexit Trade Deals

Law360, London (February 8, 2018, 5:55 PM GMT) -- The Association of British Insurers urged the U.K. government on Thursday to persuade non-European Union nations like India and China to let British insurers buy controlling stakes in local rivals, as the lobby group unveiled an ambitious framework for post-Brexit trade relations.

The ABI hopes that if non-European Union governments can be persuaded to ease restrictions on foreign ownership and data sharing, insurers will be able to tap new markets and offset upheaval when Britain leaves the EU in March 2019.

Most British insurers currently operate...
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