Reinsurer MS Amlin, part of the AISE 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.
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.