Brussels News

Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit

Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We have negotiated with Lloyd’s and we will write businesses …

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …

FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub

U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave the bloc, the company said …

FM Global Chooses Luxembourg as Post-Brexit EU HQ

U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned $5.5 billion in gross premium last year, …

Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s

Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub. While Lloyd’s choice on Thursday surprised some, lower rental prices and its proximity to …

Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit

Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’ subsidiary will aim to be ready to write business for …

Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources

Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources say. Lloyd’s has been one of London’s most vocal financial …

AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment

The deadly coordinated attacks in Brussels on March 22, which killed 33 people and wounded 260. are expected to have limited impact on the insurance industry, according to catastrophe modeling firm AIR Worldwide. Loss of life and injuries to individuals …

Update: Explosions Rip Through Brussels Airport & Subway; Death Toll Rises

Belgium was on the highest terror-alert level after three bombings in Brussels on Tuesday killed at least 31, injured more than 180 and raised fears of follow-up attacks. Prime Minister Charles Michel, condemning the deadliest terror attack on Belgian soil …

Milliman Opens New Office in Belgium

Seattle-based independent actuarial and consulting firm Milliman announced that it has opened a new office in Brussels to augment the “global consulting firm’s growing presence in Europe.” “By adding an office in Brussels, we expand and support our current presence …