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Author: Louie Bacani

Category: News

Publication: 23 March 2017

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More insurers ‘close’ to picking Luxembourg for post-Brexit base

London Brexit

A few more insurers may establish their post-Brexit base in Luxembourg, the head of the country’s financial development agency has claimed.

Nicolas Mackel, chief executive of Luxembourg for Finance, told Reuters that three to four insurance companies were close to choosing his country for their new EU hub, with Lloyd’s of London expected to make a decision soon.
Mackel added that Luxembourg had been in talks with some ship insurers while five to 10 fintech companies had already picked the country.

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