October 29, 2019
Insurance broker Aon plans to move its parent company’s jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its operational headquarters in London and the switch of …
January 30, 2019
Travelers Europe announced it has been granted a license by the Central Bank of Ireland to form a wholly owned insurance subsidiary in the Republic of Ireland. Based in Dublin, Travelers Insurance Designated Activity Co. (Travelers Insurance DAC) will provide …
November 15, 2018
Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the Cayman Islands and the Bahamas. They’re fleeing …
October 24, 2018
Fidelis Insurance Holdings Ltd. announced it has established a regulated re/insurer in Ireland, called Fidelis Insurance Ireland DAC (FIID), to take advantage of opportunities in the European Economic Area (EEA) after Brexit. On Oct. 22, 2018 the Central Bank of …
August 21, 2018
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 …
June 11, 2018
Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the EU. Following discussions with the Central Bank of Ireland, …
December 20, 2017
U.S. insurer Travelers Cos. Inc. said on Tuesday its European arm will create a subsidiary in Dublin in response to Britain’s vote to leave the European Union. The company said it would apply for authorisation of a new, wholly owned …
November 21, 2017
British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for Ireland in two days. …
November 20, 2017
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a move. Insurers are making …
November 14, 2017
American direct investment in financial services that would normally head for Britain will be diverted in part to Dublin because of Brexit, Ireland’s financial services minister Michael D’Arcy said on Friday [Nov. 10]. Dublin’s financial services sector is being boosted …