→ “There’s no insurance policy against #Brexit” said the insurer
𝗠𝗔𝗬 𝟮𝟬𝟭𝟲: 𝗜 𝗔𝗦𝗞𝗘𝗗 𝗔𝗩𝗜𝗩𝗔 𝗔𝗕𝗢𝗨𝗧 𝗕𝗥𝗘𝗫𝗜𝗧 - 𝗦𝗵𝗮𝗿𝗲 𝟯-𝗺𝗶𝗻𝘂𝘁𝗲 𝘃𝗶𝗱𝗲𝗼
At Aviva’s AGM in May 2016, I asked for the company’s view on Brexit.
Sir Adrian Montague, CBE, then the chairman of Britain’s biggest insurer said:
“What pre-occupies the board is the uncertainty that we would face if there is a vote to leave the European Union.
“We would see the risk of serious short term financial disruption… We like understanding the risks that we’re running, but we can’t measure the risks of a Brexit.
“The company’s view is that we would prefer to avoid the uncertainty.
“All we’re saying is that there’s no turning back if we get into the Brexit situation, and for us there’s no insurance policy against Brexit.”
There was a loud applause from the shareholders in the audience.
Earlier, a shareholder in the audience stood up to call for a ‘point of order’. “We are not interested in the political views of the board on this issue,” he said.
It seems that even before the referendum, Brexiters didn’t want anyone - let alone businesses - to speak out against Brexit. Nothing much has changed, has it?
© Report and video by @JonDanzig
#insurance #business #EU #Aviva
Негізгі бет AVIVA: NO INSURANCE FOR BREXIT
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