Brexit - The Bounceback
Brexit - In case you hadn’t heard, Britain voted to leave the EU. As expected, this was a dark day for insurers as their shares were hit hard with fears about how the sector would cope... But that isn’t the full story.
The bounce back has been swift with life and general insurers in a position to report their half year figures easing investor’s nerves. Share prices have also recovered following the initial 20% drop. Its fair to say that for some insurers, Brexit provided a boost with the value of overseas earnings increasing with the collapse of the Pound against the US dollar.Positivity is catching with many general insurers in the market agreeing that Brexit presents a structural challenge rather than strategic and that in some cases will open the doors to new opportunities.
Businesses remain cautiously optimistic. They have adapted looking at alternative investments to government bonds and traded assets, which have become less attractive, to direct investments with one large insurer planning to double direct investment to £15bn over the medium term.
This is all great news! Whether it be Lloyds, life or general, insurance is a resilient market and Marks Sattin has seen uplift in new opportunities in the sector and across financial services in general. Companies continue to plan for the future rather than worry about how to recover
Signup to receive the latest discipline specific articles
Related articles
Teaser
TechnologyContent Type
General
19/03/24
Summary
The year 2024 emphasises the crucial role of RegTech — a beacon guiding firms through the evolving global regulatory landscape, enabling them to connect the dots between short-term challenges and
by
Paul Roche
Teaser
TechnologyContent Type
General
19/03/24
Summary
The UK tech sector retains the number 1 spot in Europe and number 3 in the world as sector resilience brings continued growth. With this demand comes stiff competition. London offers a wide range
by
Ghazal Mayahi
Teaser
GeneralContent Type
Career Advice
19/03/24
Summary
Are you considering a change of scenery? Just look at London - an incredibly diverse city, with over 1,600 languages spoken and 300 nationalities represented. At the centre of the UK's 4.2 milli
by
Kelvin Murphy
Related jobs
Salary:
£55,000 - £65,000 per annum
Location:
Leeds, West Yorkshire
Industry
Manufacturing
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
This acquisitive, PE backed business has more than doubled in size over the past 5 years whilst growing their team to 250 in the UK.
Reference
BBBH179803
Expiry Date
01/01/01
Author
Hannah BulmerAuthor
Hannah BulmerSalary:
£150,000 - £175,000 per annum + equity, bonus and benefits
Location:
London
Industry
Technology
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin executive is working with a PE Backed, International Software business, going through a period of rapid organic growth
Reference
TA 3225
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£180,000 - £200,000 per annum + Equity, Bonus and Benefits
Location:
England
Industry
Professional Services
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin executive search is working with a PE Backed Financial Services business is seeking a Best-In-Class CFO
Reference
TA 3224
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£180,000 - £200,000 per annum + exit bonus, benefits
Location:
London
Industry
Technology
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search has an exciting opportunity for a CFO to join a PE Backed Tech Enabled B2B business.
Reference
TA 3223
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£180,000 - £200,000 per annum + Equity, Bonus and Benefits
Location:
West Midlands
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with an Established multisite wholesale Distribution business
Reference
TA 3222
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£150,000 - £175,000 per annum + Equity, Bonus and Benefits
Location:
London
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a rapidly growing Fashion Retail business.
Reference
TA 3220
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£150,000 - £175,000 per annum + Equity, Bonus and Benefits
Location:
Yorkshire and the Humber
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search has an exciting opportunity for a CFO to join a PE Backed infrastructure business
Reference
TA 3221
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£180,000 - £200,000 per annum + Equity, Bonus and Benefits
Location:
England
Industry
Professional Services
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin executive Search is working with an international PE-Backed Buy and Build Corporate Services Business.
Reference
TA 3219
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£45,000 - £47,000 per annum
Location:
Doncaster, South Yorkshire
Industry
Manufacturing
Qualification
Finalist / Newly qualified
Market
Commerce & Industry
Salary
£40,000 - £50,000
Job Discipline
Newly Qualified Finance
Contract Type:
Permanent
Description
Finance Business Partner // Manufacturing // £45,000
Reference
BBBH179631
Expiry Date
01/01/01
Author
James MetcalfeAuthor
James MetcalfeSalary:
£45,000 - £50,000 per annum
Location:
Sheffield, South Yorkshire
Industry
Manufacturing
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£50,000 - £60,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Management Accountant // Manufacturing // £50,000
Reference
BBBH179802
Expiry Date
01/01/01
Author
James MetcalfeAuthor
James Metcalfe