IDA Ireland Welcomes Announcement that Two Leading British Marine Liabilities Insurers will set up new EU Subsidiaries in Dublin
IDA Ireland and Minister of State at the Department of Finance Michael D’Arcy TD today welcomed the news that UK regulated marine liability insurers The Standard Club and North P&I Club have chosen Dublin for their EU subsidiaries as a direct result of Brexit, subject to regulatory approval.
Welcoming the news Minister D’Arcy TD said “The choice of Dublin for these operations is another important signal to the market that financial services companies can establish here quickly in order to service their international and European customers, with minimum disruption to their business. Ireland has made great progress in becoming a strong hub for international financial services business. The Government continues to work closely with industry to implement the IFS2020 Strategy in its aim to promote Ireland as the European location of choice for financial services.”