Chubb Europe completes move from London to France ahead of Brexit

Chubb European Group has confirmed it has redomiciled its businesses from London to France effective 1 January, consistent with its previously announced Brexit preparations.

The insurer said the move, which was approved by regulators in July 2018, provides Chubb customers with continuous, uninterrupted service regardless of the outcome of Brexit negotiations between the UK and the European Union.

David Furby, regional president, Chubb European Group, said: "Chubb has focused on delivering clarity, continuity of service and certainty for our customers, brokers and other partners, regardless of the final outcome of Brexit.  We're pleased that the redomicile of Chubb European Group's businesses to France has been completed as planned."

Both Chubb European Group SE and ACE Europe Life SE now operate under the supervision of the French regulator ACPR and operate in the UK – until further notice – as a passported EEA branch. Both entities are subject to regulation by the Financial Conduct Authority in the UK.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

AmTrust replaces Maiden Re with Swiss Re on US quota share deal

IAG again expands cat coverage by A$1bn at ‘flat’ renewal rates

QBE backs AI to improve commercial underwriting following Cytora trial

R&Q targets growth in European program sector with new partnership

WR Berkley appoints general counsel; hires financial lines exec from Chubb

Athora completes acquisition of Generali Belgium, plans rebrand

Cyclone Burglind (aka Eleanor) to cost industry €756m

Don't miss our insurtech email newsletter - sign up today