BOE’s Woods: Top priority is to avoid chaos from Brexit in insurance market

The Bank of England (BOE) top banking and insurance supervisor, Sam Woods, is out on the wires now, via Reuters, commenting on the Brexit issue.

Key Points:

Top priority is to avoid chaos from Brexit in insurance market.

Puts "huge premium" on the UK and EU negotiating a transition deal for Brexit by end March.

"Pretty much up to speed" on Brexit contingency plans for insurers.