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Brexit creates expansion opportunities for runoff insurers

Posted On: Oct. 18, 2019 6:01 AM CST

Britain's impending departure from the European Union is creating expansion opportunities for specialist general insurers that buy and manage runoff policies, Reuters reports. Andrew Ward, a director for insurance deals at U.K.-based consulting firm PricewaterhouseCoopers LLP, said, "Brexit is causing EU insurers to look at their structures and this brings non-core lines into focus, leading to opportunities for the acquirers."

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