Lockton takes a look at Dublin for EU base - reports

Brokerage giant among many top insurance firms considering a post-Brexit move

Lockton takes a look at Dublin for EU base - reports

Insurance News

By Terry Gangcuangco

We’ve told you about how financial services investments from the US could end up bypassing the UK in favour of Ireland. Now a US-headquartered insurance broker, with a London presence, is reportedly mulling expansion in Dublin in light of the UK’s departure from the European Union.

The Irish Times cited sources who said executives from Lockton were in the Irish capital this week to meet with government officials for “early stage” discussions. Lockton has operations in Ireland, providing solicitors professional indemnity insurance, among other coverage options.

Lockton Ireland is also an official partner to the country’s Professional Insurance Brokers Association.        

The broker, while it hasn’t confirmed the reported meeting, previously told The Irish Times: “Lockton is working closely with industry bodies and government representatives and the business has developed a range of contingency plans to ensure it continues to be able to meet the needs of all clients and prospects that may be affected by the outcome of Brexit negotiations.”

“Ireland will be benefiting immensely commencing with the leading American firm Berkshire Hathaway,” Acumen Insurance president and founder Sal Bagazzoli told Insurance Business. “There will be other American firms following suit as well as numerous other British firms that prefer not to stray too far and yet encompass the European market.”

Related stories:
Global head of marine and transportation revealed at Lockton
Lockton swoops for leading risk expert in US

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