Michael Kortbawi and Tala Azar explain how the DIFC has emerged
as a strong contender for insurance firms thinking about shifting
headquarters.
Brexit was a decision that shook the financial world. On June
23rd 2016, a sliver of a majority voted for the United Kingdom to
exit the European Union (EU). The schism caused consternation, and
the possible impacts of such a move saw the GBP plummet 10% the day
the news came to light.
Clarity has proved to be elusive since. It has neither been a
hard Brexit nor a soft one, and most definitely not a red, white
and blue one. It's been a protracted, hard fought affair marked
with internal divisions within the UK before even approaching the
EU negotiating table.
