Sunday 20 August 2017

Chubb Insurance considering Dublin as its European hub

Chubb Insurance is believed to be considering setting up its European hub in Dublin, Photo: Bloomberg
Chubb Insurance is believed to be considering setting up its European hub in Dublin, Photo: Bloomberg

Ellie Donnelly

Chubb Insurance is considering setting up its European hub in Dublin, according to sources familiar with the matter, the Times has reported.

A spokesperson for the world’s largest publicly traded property and casualty insurer declined to comment.

The news comes prior to the 14 July deadline set by the Bank of England for financial firms to provide it with details of their post-Brexit plans.

Read more: Brexit exodus: Over quarter of Irish CEOs considering shift from UK

It its expected that a number of London-based firms will announce their post-Brexit plans in the coming weeks.

Last week it was reported that the Irish government has secured deals with more than a dozen London-based financial houses and banks which will see the firms move some of their business to Ireland.

On Friday the CEO of British insurer Equitable Life said it is considering setting up a EU subsidiary in Dublin to enable it to serve Irish and German customers after Britain leaves the bloc.

Online Editors

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