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Clifford Chance

Clifford Chance


Brexit and Insurance: Luxembourg Insurance regulator analyses implications for deposits of assets representing provisions in the UK

2 June 2020

The Luxembourg insurance sector regulator Commissariat aux Assurances (CAA) issued this April an information notice on the implications of Brexit on the application of CAA Circular Letter 16/9. This circular letter deals with the deposit of securities and liquidities used as assets representing technical provisions by Luxembourg insurance companies in the United Kingdom (UK). This client briefing provides an overview of the impact analysis the CAA sets out in its notice and the action points and structuring considerations resulting therefrom for Luxembourg insurance companies.

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