U.K. exit from E.U. a major political risk for insurance industry: Association

Huw Evans, chief executive of the Association of British Insurers, has said that the risk of the United Kingdom leaving the European Union is causing major political uncertainty for the insurance sector, reported Reuters.

"The real political uncertainty for our sector comes from the dual and interconnected possibility that the U.K. could leave the E.U. and that the U.K. could dissolve if Scotland voted to become independent," said Mr. Evans. Insurers are concerned that the exit would make it more difficult and expensive to sell their products in Europe.

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