LONDON, June 20 (Reuters) - British insurance broking wouldbe better off if Britain remained in the European Union, anindustry trade association said on Monday.
The British Insurance Brokers' Association said in astatement that while it remained apolitical, it had reached itsposition following discussion with its members.
Britain votes in a referendum on Thursday on whether toleave the EU.
Brexit would lead to uncertainty for businesses, while alack of access to the "passporting" system enabling financialservices to be sold across Europe could reduce business forbrokers and choice for consumers, BIBA said.
"A 'remain' vote would stimulate investment and boostconfidence that we will be able to continue to trade freelyunder the EU freedom of services provision," BIBA chairman DavidHunt said in the statement.
Major insurers such as Lloyd's of London andLegal & General have spoken in favour of Britainremaining in the EU.
U.S. insurer AIG said last week it may look for aEuropean headquarters outside London if Britain votedout.
But Dominic Burke, chief executive of broker Jardine LloydThompson, was among 110 signatories to a letter fromCity of London figures earlier this year backing Brexit. (Reporting by Carolyn Cohn; Editing by Ruth Pitchford)