Economics

Luxembourg ahead of other European cities in attracting companies post Brexit vote

In total, 21 companies announced the relocation of part of their activities to Luxembourg in the wake of the British vote, according to a report from KPMG. This puts the Grand-Duchy ahead of Ireland, France, Germany and the Netherlands.

08.07.2017

One year after the Brexit vote, Luxembourg has succeeded in attracting many large insurance companies from London in the relocation race between major European financial centres.

On Tuesday, the insurer Liberty Specialty Market announced the implementation of part of its activities in the Grand-Duchy. This is the sixth insurance company to choose Luxembourg after AIG, Hiscox, FM Global, RSA, and CNA Hardy since the British referendum.