Luxembourg’s Insurance Sector Getting A Leg Up From Brexit

Law360, London (May 7, 2019, 4:44 PM BST) -- Luxembourg’s insurance market has more than trebled since the start of 2018, the country’s regulator said Monday, attributing this in part to the flock of firms setting up shop abroad following the U.K.’s decision to leave Europe.

The Commissariat aux Assurances, which is responsible for the prudential supervision of Luxembourg’s insurers, said that total premiums in the nonlife insurance sector swelled by 218% to €3.8 billion ($4.25 billion) at the end of March 2019, up from €1.2 billion a year earlier.

The authority said that the jump in premiums can be explained by some insurance companies transferring their portfolios out of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!