The move sees Amlin Insurance SE, currently based in London, licensed to underwrite insurance and reinsurance from Brussels and European branches, including those in the Netherlands and France. From January next year, it will be MS Amlin’s trading entity for both the UK and Europe.
MS Amlin said the redomicile will have little effect on its day-to-day operations, but is necessary to avert the uncertainties of the UK’s exit from the European Union.
Kim Hvirgel, CEO of Amlin Insurance, said: “I’m delighted the National Bank of Belgium has approved our application to redomicile to Brussels, as this supports our strategic vision of placing Amlin Insurance at the heart of the EU. Brexit inevitably creates uncertainty for clients and brokers alike, but this move means MS Amlin will continue to be well placed to provide innovative solutions to our clients in the European Economic Area during the Brexit transition period and beyond.”
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