M&G to transfer €7bn to Luxembourg ahead of Brexit
UK-based asset manager M&G is planning to transfer four of its funds to Luxembourg to remove uncertainty for non-UK investors ahead of the country exiting the EU. The funds are worth a combined €7bn and are offered exclusively to non-UK investors, despite being domiciled in London. see full article https://www.ipe.com/brexit/mg-to-transfer-7bn-to-luxembourg-ahead-of-brexit/10019598.article
Luxembourg chosen for Brexit relocation by insurer CNA Hardy
Commercial insurer CNA Hardy has said it will set up a new European subsidiary in Luxembourg to allow it to operate across the European Union after Britain leaves the bloc. "Luxembourg is the optimum jurisdiction for our European Union base due to its geographic location between three of our Continental European offices, its stable economic and political environment and the professional approach of the Luxembourg regulator," the firm said in a statement Read full article http
RSA insurer to head to Luxembourg (Brexit)
0 people from RSA will work in RSA's Luxembourg office which will become the heaquarters for company's existing EU offices in Europe. Luxembourg is seen as the ideal place with an experienced regulator and multinational expertise. See article http://www.insurancebusinessmag.com/ca/news/breaking-news/rsa-is-latest-insurer-to-head-to-luxembourg-over-brexit-69524.aspx
