Tokio Marine identifies Luxembourg as post-Brexit base

clock • 1 min read

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 will be supported by the existing UK and EU group operations. The company intends to write...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

ABI appoints director of regulation

ABI appoints director of regulation

David Otudeko takes the role

Jaskeet Briah
clock 29 April 2025 • 2 min read
FCA proposes reduction of data reporting for firms

FCA proposes reduction of data reporting for firms

Supports regulator’s aim to ‘reduce burden’

Isabel Baxter
clock 17 April 2025 • 2 min read
Christine Elliott departs as PFS chair

Christine Elliott departs as PFS chair

Carla Brown takes the role

Isabel Baxter
clock 15 April 2025 • 2 min read