While the UK is busy ironing out differences with the European Union over a Brexit deal, AXA XL is making itself ready – and preparations are moving along, with the major insurer securing in-principle authorisation for the transfer of its EU unit.
Announcing the latest move in its Brexit plan, AXA XL said the Central Bank of Ireland (CBI) has approved, in principle, XL Insurance Company SE’s (XLICSE) move from the UK ahead of next year’s March 29 departure. As a Societas Europaea, XLICSE can also continue as the same legal entity in Ireland.
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