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About William Russell

For Brokers

Brexit is happening. William Russell is ready. Find out how we are protecting our customers here.

What Brexit means for William Russell

We have taken contingency measures to protect our customers and insurance partners should a Hard Brexit occur and the United Kingdom leaves the European Union without a deal.

The UK is leaving the European Union

 

The United Kingdom (UK) is leaving the European Union (EU) in the near future. How the UK will leave remains unclear, but it’s possible that there will be no withdrawal agreement or transitional period (i.e. a ‘Hard Brexit’ or ‘no-deal Brexit’).

William Russell is an international business. Our company is registered in England & Wales and we are authorised and regulated by the Financial Conduct Authority in the UK. Our plans are insured by a French company and our customers live all over the world.

The insurance we provide is made possible by EU Freedom of Services arrangements, but these arrangements will cease if there is a Hard Brexit.

We’ve taken measures to protect our customers around the world:

  • We’ve established a subsidiary company in Belgium called William Russell Europe SRL, which is authorised and regulated by the Belgian Financial Services & Markets Authority.
  • We’ve made contingency arrangements with other insurance companies in the Allianz group.

No matter what happens with Brexit, our insurance coverage and customer services will be unaffected for all customers, whether resident in the UK, the EU or elsewhere. The section below describes the contingency measures we have taken to protect our customers from the effects of a Hard Brexit.

How customers will be affected

  • If you have a health plan with William Russell and you’re resident anywhere in the world other than the UK

    Your insurer won’t change, but you will become a customer of William Russell Europe SRL if there is a Hard Brexit.

  • If you have a health plan with William Russell and you’re resident in the UK

    You will remain a customer of William Russell Ltd., but the insurer of your health plan will become the UK branch of another company in the Allianz group from your next renewal date after a Hard Brexit. Your renewal date is stated on your Certificate of Insurance.

  • If you have a life or income protection plan with William Russell and you’re resident anywhere in the world other than the UK or the European Economic Area (EEA)

    You won’t be affected by Brexit. You will remain a customer of William Russell Ltd. and the insurer of your plan won’t change.

  • If you have a life or income protection plan with William Russell and you’re resident in the UK

    You won’t be affected by Brexit. You will remain a customer of William Russell Ltd. and the insurer of your plan won’t change.

  • If you have a life or income protection plan with William Russell and you’re resident in the EEA

    Your insurer will continue to be a member of the Allianz group based in France, and you will become a customer of William Russell Europe SRL from your next renewal date after a Hard Brexit.

These contingency measures take effect only if there is a Hard Brexit. If a withdrawal agreement is reached between the UK and the EU, and that agreement passes successfully through the UK Houses of Parliament, or an extension to Article 50 is agreed, we’ll delay these measures accordingly.

We’re monitoring the situation very carefully, and we’ll make sure you remain protected whatever happens. You can find more information on the pages below.

Additional information for policyholders with a health plan

Additional information for policyholders with a life or income protection plan

Additional information for brokers and intermediaries

If you have any questions about the contingency measures we have taken for Brexit, just give us a call or drop us an email.

We’ll be happy to chat!

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