Friday December 6, 2019

Luxembourg beats Ireland in race for major post-Brexit AIG investment

Sunday Business Post revealed concerns about the Central Bank of Ireland were factor in decision

8th March, 2017
Pic: Getty

Ireland has lost out to Luxembourg in the race for a major post-Brexit investment from American International Group (AIG), one of the world’s largest insurance companies.

In a statement AIG confirmed it has chosen Luxembourg as a new location to "ensure continued smooth operation of its business across the European Economic Area and Switzerland once the United Kingdom leaves the European Union".

“From 2019, AIG proposes to have two AIG subsidiary insurance companies...

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