Lloyd’s confirms Brussels as its new EU hub
Friday, 03 31 2017, Category: Insurance and Reinsurance, Country: Europe
London-centred specialist re/insurance market Lloyd’s said that it will be setting up a new European insurance company to be located in Brussels to secure access to the EU market after Brexit.
The move comes one day after the UK officially notified the EU that it is leaving the union.
As the country is leaving the EU, London, as an important re/insurance hub, is worrying that it might lose EU passporting rights.
Source: Intelligent Insurer