Reinsurer MS Amlin, part of the MS&AD group, has received regulatory approval from the National Bank of Belgium to relocate Amlin Insurance (AISE), its trading entity for UK and Europe, to Brussels. The company called the decision, which was prompted by Brexit, a "significant milestone" but said the day-to-day work of the firm would not be interrupted by the move. "We are very pleased with this decision as it will allow us to continue our business in Brussels while continuing to provide services across Europe," said David McWilliams, head of corporate affairs at AISE in London.
Reinsurer MS Amlin, part of the MS&AD group, has received regulatory approval from the National Bank of Belgium to relocate Amlin Insurance (AISE), its trading entity for UK and Europe, to Brussels. The company called the decision, which was prompted by Brexit, a "significant milestone" but said the day-to-day work of the firm would not be interrupted by the move. AISE expects to be fully operational from its Belgian bureau by January.