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Liberty moves UK insurance company to Luxembourg

Luxembourg

Provider says move will not have an impact on UK brokers and clients.

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has confirmed that it will redomicile its insurance company from the UK to Luxembourg.

According to LSM its worldwide operation will continue to be headquartered in London, however the actual company will be in Luxembourg and the UK operation will be a branch office for the business.

The company has previously said it would headquarter its European operations in Luxembourg in response to Brexit, and according to LSM it has now

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