One of Lloyd’s of London’s largest insurance syndicates is to move its European headquarters to Dublin because of Brexit, Ireland’s prime minister has announced.
XL Group, which operates the XL Catlin brand, chose the Irish capital as its preferred location for its principal EU insurance company subject to regulatory approval, said the Irish Industrial Development Authority.
It is one of a growing number of financial services companies moving some of their regulated EU operations outside the UK to guarantee access to the single market after Brexit.
