Insurers moving quickly after Brexit, says Central Bank
Insurance chief's comments follow AIG decision to opt for Luxembourg
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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Pascal Lamy: As America turns the page, the EU must sharpen its climate innovation edge
A global race to rapidly retool economies to thrive in a climate-neutral world has begun, and we in Europe cannot coast by on our early gains nor allow our competitors to nose ahead of us
Colin Murphy: Ireland was abusing its unwed mothers even before there was Church and state collusion
Twentieth-century Ireland was one of the most repressive sexual cultures in the world. Much of that is on the Catholic Church, but not all of it
Wayne Neilon: Piecemeal approach will not save Ireland‘s céad míle fáilte
State supports have been crucial but not always easy to access or cost-effective and the government must urgently put in place a sustainable package to protect the hospitality sector’s future
Off Message: Flighty influencers have gone too far this time
Celebrities heading to far-flung sunny destinations while the rest of us are restricted to 5km is not a good look. So why do they do it?