Ship insurer UK P&I Club gets green light for Dutch Brexit hub
UK P&I Club, a provider of protection and indemnity insurance to the international shipping community, has received approval from the Dutch financial regulator to establish a Brexit subsidiary in Rotterdam.
The new subsidiary will ensure the UK Club, together with other Thomas Miller managed Clubs for which UKNV (UK P&I Club NV) is fronting, can continue to serve members after the UK leaves the European Union.
The UKNV Rotterdam office is based in the World Port Center and the management board consists of Hugo Wynn-Williams as chief executive officer, Paul van den Brom as chief financial officer, and Rene Doff as chief risk officer.
UKNV has also recruited staff for additional support roles.
Wynn-Williams said: “We have been assiduous in our planning to ensure the UK P&I Club, together with other Thomas Miller managed clubs, are able to continue our European operations once the UK leaves the EU. With the expected loss of passporting rights, we have put these plans in place to ensure our Members can continue to conduct their business with little or no disruption.”
Andrew Taylor, chief executive of Thomas Miller P&I, added: “The measures taken by the UK Club will provide continuity of service to our Members, irrespective of the outcome or timing of Brexit. Our long term planning has ensured we have the relevant authorisations in place prior to the UK leaving the EU. However, this is not a brass plate exercise and our Rotterdam subsidiary will be a fully functioning office to ensure our Members continue to receive the same excellent standard of service they are accustomed to.”
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