London to remain a global insurance hub
Wednesday, 09 20 2017, Category: Insurance and Reinsurance, Country: United Kingdom
Widespread uncertainty remains, but despite the UK’s vote to leave the European Union (EU), global ratings agency A.M. Best expects London to maintain its status as one of the world’s leading insurance and reinsurance hubs.
In response to the UK’s Brexit vote, a number of insurers and reinsurers have announced plans to establish a subsidiary in a remaining EU country in order to continue to access and conduct business. A.M. Best highlights Ireland, Luxembourg, and Belgium as the primary locations of choice as they develop post-Brexit contingency plans.