Lloyd's of London CEO says insurance policies at risk without Brexit fix

A man walks up the stairs by the main entrance to Lloyd’s of London building in the City of London Thursday, March 30, 2017. (AP Photo/Alastair Grant)

(Bloomberg) – Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe.

“Regulators across Europe can actually come to an agreement themselves and find a possibility to allow all the insurers and banks on both sides to continue to service those old contracts,” Beale said in a Bloomberg TV interview on Wednesday. “That’s what we’re really pushing for, that contract continuity.”