Ireland - Central Bank boosts staff for Brexit insurers
Monday, 11 28 2016, Category: Insurance and Reinsurance, Country: Europe
The Central Bank's insurance directorate has increased its staff numbers by more than a quarter ahead of an expected influx of applications from London-based insurers looking to move operations following the Brexit vote.
London-based insurers are looking at options if the UK loses so-called “passporting” rights after Brexit that allow them to operate elsewhere in Europe, including relocation of some of their operations. Last week AIG became the latest insurer to warn it was considering moving its European base away from London.
Source: The Irish Times