Brexit prompts British ship insurer North to set up Dublin subsidiary [Reuters (UK)]
Hanover Insurance Group Inc (THG)
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Source: Reuters
Brexit prompts British ship insurer North to set up Dublin subsidiary | Reuters 4 Min Read LONDON, Nov 20 (Reuters) - British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialised providers to announce such a move. Insurers are making contingency plans after Britain’s vote to leave the EU means they could risk losing “passporting” rights that allow UK financial services firms to trade in Europe without the need for locally regulated entities. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs like North could weaken other parts of the country’s multi-billion pound shipping services sector. North P&I club said in a statement on Monday that due to regulatory uncertainty “and a realistic prospect” that passporting rights could be lost as early as March 29, 2019, if Britain leaves the EU as expec
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THG
Earnings
- 1/31/24 - Beat
THG
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- THG's page on the SEC website