AIG prepares for Brexit with new Luxembourg insurance company
Insurer will have two European subsidiaries from 2019.
American International Group (AIG) is planning to have two subsidiary insurance companies in Europe from 2019 - one in the UK to write UK business and one in Luxembourg to write European Economic Area (EEA) and Swiss business.
The latter will have branches across the EEA and Switzerland.
The insurer stated that the plans were designed to "ensure continued smooth operation of its business" across the EEA and Switzerland once the United Kingdom leaves the European Union.
Branches
AIG currently
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