Tokio Marine Group has applied for regulatory approval to establish an insurance company in Luxembourg.
The insurer said that this will mean "regardless of the potential outcome of the current Brexit negotiations, Tokio Marine will be able to continue servicing its clients in the EEA and offer a smooth transition." Tokio Marine is aiming to have the new insurance company incorporated and capitalised within the first half of 2018 to enable Tokio Marine HCC and Tokio Marine Kiln to start writing business including with Japanese customers. The new company will have branches across Europe, and...
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