Insurers moving quickly after Brexit, says Central Bank

Insurance chief's comments follow AIG decision to opt for Luxembourg

9th March, 2017
The former Central Bank building. Pic: RollingNews.ie

The Central Bank’s head of insurance supervision says it has so far received five applications from companies for authorisation in Ireland following Brexit.

Sylvia Cronin told a KPMG event that a further five firms had signalled a “firm intention” to apply for authorisation, while another 20 insurance entities had been in contact with the Central Bank to discuss authorisation.

“Unlike other financial sectors, insurance firms are not generally waiting for Article 50...

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