In the week to 29 June the FTSE All Share fell 0.2% vs. -3.0% for the Insurance Index and -1.0% for the Lloyd’s Index. The best performer was Hiscox (+1.3%); Novae was the worst performer (-11.6%). Given the vote to leave the EU, we review the amount of European sourced business for Lloyd’s companies. Based on the carry value of NAV and gross premiums written in 2015, the sector’s exposure to the EU is low vs. the size of the European market. This should provide some comfort
