EuropeFinance and Insurance

Greece tries to lure UK-based owners and insurance firms to Piraeus post-Brexit

Photo of Sam Chambers Sam ChambersMay 31, 2017
2 Less than a minute

Greece is laying out the red carpet to try and entice UK-based owners and insurance firms to consider setting up shop in the Mediterranean nation post-Brexit.

“We’re in contact with five large ship insurance brokers who are considering various EU member countries for the transfer of their headquarters,” shipping minister Panagiotis Kouroumblis told Bloomberg in an interview in Pireaus.

Athens is also in touch with UK-based Greek owners to see if they would consider coming home after the UK exits the European Union.

The shipping ministry is also working with the Hellenic Capital Markets Commission to attract Greek shipowners to the Athens exchange, rather than other bourses, to issue a bond. A first such bond issue is likely this September.

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Photo of Sam Chambers Sam ChambersMay 31, 2017
2 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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