UPDATE 2-UK ship insurer Standard Club takes Dublin route in response to Brexit [Reuters (UK)]
Hanover Insurance Group Inc (THG)
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Source: Reuters
UPDATE 2-UK ship insurer Standard Club takes Dublin route in response to Brexit | Reuters Reuters Staff 3 Min Read (Adds further detail) By Carolyn Cohn and Jonathan Saul LONDON, Nov 21 (Reuters) - British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialised providers to opt for Ireland in two days. North P&I Club, another UK regulated ship insurer, has also chosen the Irish capital for its EU subsidiary, it said on Monday. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs such as Standard and North could weaken other parts of the country’s multi-billion pound shipping services sector. “We have concluded that Dublin offers the best location to serve European members post-Brexit,” Standard Club’s chief executive Jeremy Grose said in a statement on Tuesday. Insurers are making contin
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