{"id":18052,"date":"2018-07-25T10:39:38","date_gmt":"2018-07-25T07:39:38","guid":{"rendered":"https:\/\/bestinsurance.gr\/a1\/?p=18052"},"modified":"2018-07-25T10:39:38","modified_gmt":"2018-07-25T07:39:38","slug":"brussels-greece-among-eu-brexit-options-for-london-insurance-brokers-trade-body","status":"publish","type":"post","link":"https:\/\/bestinsurance.gr\/a1\/archives\/18052","title":{"rendered":"Brussels, Greece among EU Brexit options for London insurance brokers – trade body"},"content":{"rendered":"

LONDON (Reuters) – Brussels, Athens and Piraeus are among cities London insurance brokers could consider for European Union subsidiaries, with time running out to plan for a hard Brexit, a trade body said on Wednesday.<\/p>\n

The Lloyd\u2019s of London commercial insurance market is setting up an EU subsidiary in Brussels to start writing business from January 2019.<\/p>\n

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A number of other large insurers such as AIG (AIG.N<\/a><\/span>) and Aviva (AV.L<\/a><\/span>) are also setting up EU hubs in centres such as Luxembourg and Dublin, in the event that Britain loses access to the European Union\u2019s single market after Brexit.<\/p>\n

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But brokers have generally been slower to set up such units, industry sources say.<\/p>\n

\u201cAt this advanced stage of the game, it would be foolish to ignore the very real possibility of no deal for the UK,\u201d Christopher Croft, chief executive of the London Insurance and International Brokers Association (LIIBA), said in a statement accompanying the trade group\u2019s mid-year report.<\/p>\n<\/div>\n

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\u201cThat\u2019s why we\u2019re encouraging our members to address this scenario now.\u201d<\/p>\n

LIIBA has been in talks with the Belgian government and regulators to help brokers considering Brussels as an EU hub, Croft said.<\/p>\n

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American International Group Inc<\/a><\/span>53.7<\/span><\/div>\n
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AIG.N<\/span>NEW YORK STOCK EXCHANGE<\/span><\/div>\n
+0.30<\/span>(+0.56%)<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"AIG.N\"<\/div>\n<\/div>\n<\/div>\n
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  • AIG.N<\/li>\n
  • AV.L<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n

    \u201cLIIBA will be pursuing a more in-depth exploration of whether Athens or Piraeus could prove a viable alternative location,\u201d he added.<\/p>\n

    A number of LIIBA members already have operations in the port town of Piraeus, near Athens, as the trade body represents brokers accounting for one third of global marine insurance premiums, Croft told Reuters by email.<\/p>\n

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    Source: Reuters.com<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    LONDON (Reuters) – Brussels, Athens and Piraeus are among cities London insurance brokers could consider for European Union subsidiaries, with time running out to plan for a hard Brexit, a trade body said on Wednesday. The Lloyd\u2019s of London commercial insurance market is setting up an EU subsidiary in Brussels to start writing business from<\/p>\n","protected":false},"author":1,"featured_media":18053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-18052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/comments?post=18052"}],"version-history":[{"count":1,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18052\/revisions"}],"predecessor-version":[{"id":18054,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18052\/revisions\/18054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media\/18053"}],"wp:attachment":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media?parent=18052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/categories?post=18052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/tags?post=18052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}