UK - Over 50 firms may move to Ireland
Friday, 01 13 2017, Category: Insurance and Reinsurance, Country: United Kingdom
Dozens of UK firms are considering the relocation of their operations to Ireland as Britain prepares to leave the European Union, according to one major insurer.
The investment management arm of Irish Life has received more than 50 inquiries from companies mulling the move to Ireland following the Brexit vote last year, the Irish Times reported.
Patrick Burke, managing director at Irish Life Investment Managers, said the companies are mostly from the financial services sector.
Source: Insurance Business