Tokio Marine Group picks Luxembourg as post-Brexit base
According to the firm its aim is to have the new insurance company incorporated and capitalised within the first half of 2018.
Tokio Marine Group has said that it will set up an insurance company in Luxembourg to write European business.
The insurer confirmed that it has started the process of seeking regulatory approval with the Commissariat aux Assurances (CAA) to establish an insurance company in the small European country.
It added that its aim is to have the new insurance company incorporated and capitalised within the first half of 2018 with branches across Europe, and will be supported by the existing UK and EU
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