Howden, the London-based global insurance group, announced it has established a retail presence in the Grand Duchy of Luxembourg with the acquisition of the portfolio of United Brokers S.A., and has strengthened its position in Belgium with the acquisition of …
The Netherlands, Belgium, Denmark and Luxembourg have urged the European Union to fix a date by which new trucks and buses sold in Europe must have zero carbon dioxide emissions. The European Commission is set to propose tougher CO2 standards …
Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux Assurances (CAA). CES has received an “A-” rating from …
LUXEMBOURG— The Luxembourg government signed a deal Wednesday with the World Jewish Restitution Organization to pay reparations and to restitute dormant bank accounts, insurance policies as well as looted art to Holocaust survivors. The deal announced on International Holocaust Remembrance …
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, said it has re-domiciled its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to Luxembourg, the home of its European headquarters. Liberty Specialty Markets will maintain its branch network in …
Luxembourg said it is “very pleased” that about 50 asset managers, insurers, and other financial firms have looked to the Grand Duchy as a foothold in the European Union once the U.K. leaves the bloc. “We are very pleased with …
Sompo International Holdings Ltd., a Bermuda-based provider of specialty property and casualty re/insurance, announced the launch of its new subsidiary, SI Insurance (Europe). SI Insurance (Europe) is headquartered in Luxembourg with branches in Belgium, France, Germany, Italy, Spain and the …
American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the European Economic Area and Switzerland. The …
Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there. So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union, there’s a nagging …
More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country’s financial development agency said on Thursday, linking the decisions to Britain’s move to leave the European Union. The …
