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Chubb said the move will ensure its customers receive continuity of service whatever the outcome of trade talks between the UK and EU.
As SE businesses, Chubb European Group and ACE Europe Life can underwrite business across the EU and into the UK via a branch.
Earlier this month, French regulators approved Chubb’s application to redomicile the two businesses to France from 1 January 2019, subject to certain requirements.
David Furby, regional president of Chubb European Group, said: “We are delighted to announce these important milestones in our Brexit preparations. From the outset, our primary aim has been to ensure a seamless transition and to offer certainty and continuity of service for all our clients and business partners, regardless of location or the final outcome of the Brexit negotiations.”
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