Brexit

A landmark referendum over the United Kingdom’s membership of the European Union has ended in victory for those in favour of leaving the EU.

For many in shipping, the Brexit was unexpected. The IHS Fairplay team will been navigating the implications of this milestone move for the maritime industry within the UK and further afield.

 

 

News & Analysis

Lloyd's building, London
20 Apr 2017
Marine insurers and P&I clubs in the United Kingdom have been told to prove they are already making plans for a “worse possible” Brexit scenario.
Market insiders say the Lloyd’s is set to choose Paris as its European home
06 Jan 2017
The future role of London as a marine insurance centre has been thrown into doubt as speculation about the possible ramifications of the UK’s exit from the European Union begins to rise.
Picture Dave Matcham CEO IUA
19 Oct 2016
The marine insurance sector was the major loser in 2015 as it fell from the second biggest class of underwriting to third place, having been overtaken by liability business for the year – and Brexit has the potential to put billions of pounds of premium at risk.
18 Sep 2016
The annual conference of the International Union of Marine Insurance (IUMI) was dominated by the potential impact of the United Kingdom’s exit from the European Union.
Concerns that Brexit will end the current passporting system
12 Aug 2016
A number of P&I clubs have begun moves to potentially re-domicile in the European Union amid fears that the UK’s exit from the EU will come at the cost of its passporting rights.
Prime Minister Theresa May holds the first Cabinet meeting of the new government at Downing Street in London. Picture date: Tuesday July 19, 2016
19 Jul 2016
Given the level of mistrust, disappointment, and frustration in the EU that the UK has chosen to go it alone, Britain's road to departure will not be smooth.

Commentary

Now that we know when the Brexit clock will start ticking, the United Kingdom’s maritime services sector must refine its action plan and ensure it takes a leading role. 

More Commentary