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Insurance Ireland reiterates its call for an urgent review to identify the key lessons for Ireland from the expected Lloyd’s announcement

In advance of the expected announcement from Lloyd’s to locate its new European hub in either Brussels or Luxembourg over Dublin, and following the recent decision by AIG, Insurance Ireland believe lessons must be drawn from these decisions.  It is prudent and timely to draw lessons to inform Government and industry efforts to win new investments for Ireland.

Kevin Thompson, CEO of Insurance Ireland stated “The strength and credibility of any insurance hub is determined by the players in the market and Ireland has become a highly respected international location due to the concentration of insurers and the well-developed support ecosystem”.

“There are many competing jurisdictions for insurance investments arising from the UK’s decision to leave the European Union. To capitalise on Ireland’s advantages, and to maintain the strong growth trajectory of the sector here, Insurance Ireland is calling for a review process to inform Government and industry efforts to secure future opportunities. Insurance Ireland has also sought a meeting with the Government to discuss this review process and further collaboration to convert expressions of interest into investment decisions.”

 

 

 

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