Chubb Insurance considering Dublin as its European hub
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.
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.