BIFA calls for extension to Brexit deadline – 'forwarders won't be ready'
The forwarding industry has called for an extension to the Brexit transition period, saying it ...
Limassol © Andriy Markov
By Alex Lennane
The UK marine insurance business is preparing for Brexit by opening new subsidiaries in the EU. The London P&I Club is opting for Cyprus, while five others based in the UK have picked the Netherlands, Luxembourg and Ireland. The six P&I clubs account for more than half the industry’s revenue, which could be significantly impacted by Brexit, reports Reuters.
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