MS Amlin to re-domicile its UK entity to Brussels in Brexit move
Global re/insurer MS Amlin will commence the process of re-domiciling Amlin Insurance from the UK to Belgium following approval from the National bank of Belgium (NBB).
The entity is expected to be fully operational from its new base in Brussels from 1 January 2019.
Amlin Insurance is the company's trading entity for UK and Europe. The board of the NBB granted Amlin Insurance a licence for insurance and reinsurance activities from its Brussels office and associated branches in the EEA. These branches include offices in the Netherlands and France.
MS Amlin said this development will have no effect on the day-to-day operations of any of its trading entities, the approval and licensing is a significant milestone for the business as it prepares for Brexit.
“I’m delighted the NBB have approved our application to re-domicile to Brussels, as this supports our strategic vision of placing AISE [Amlin Insurance SE] at the heart of the EU," said Kim Hvirgel, AISE CEO.
"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,” Hvirgel added.
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