Corinna Baltzer

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The date on which the United Kingdom (UK) will leave the European Union (EU) is coming closer. Unless the Withdrawal Agreement is ratified by both the UK and the EU, the UK will become a “third country” under EU legislation on 30 March 2019 (Brexit date). Consequently, in the absence of a ratified Withdrawal Agreement (which includes an implementation period to 31 December 2020), UK insurers and reinsurers will cease to benefit from the so-called…