limassol © Andriy Markov
Limassol © Andriy Markov

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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