Direct Line, Phoenix join over 100 British financial companies setting up Irish base following Brexit

British insurers Direct Line and Phoenix Group have opted for Ireland as the deadline for financial firms to find a post-Brexit home edges closer.

However, it is understood that several firms which have applied for either new authorisation or to expand their existing business in Ireland may not receive regulatory approval by the time Britain is scheduled to leave the EU at the end of March.

Direct Line, the company best known in ...