Insurance

Zurich to shift part of business out of Ireland

Firm says decision was on foot of Brexit, but sources say move came after engaging with Central Bank on regulatory requirements in Ireland

Zurich Insurance is moving part of its general insurance business for Europe, which is based out of this country, to Switzerland: the company said the move was because of Brexit

Zurich is pulling part of its business from Ireland in a blow to the Irish financial services market, the Business Post has learned.

Zurich Insurance plc (ZIP) is moving part of its general insurance business for Europe, which is based out of this country, out of Ireland and to Switzerland instead.

Sources told this newspaper the move came on foot of interaction with the Central Bank of Ireland (CBI). A spokeswoman for the CBI said ...