EuropeFinance and Insurance

London P&I Club establishes Cypriot Brexit base

Another British insurer is making Brexit plans. London P&I Club has revealed to Reuters it is establishing a subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access.

Five other British P&I clubs have created European hubs in Holland, Ireland and Luxembourg in recent months with Brexit looming.

For Cyprus, the decision by London P&I Club is a big vote of confidence as the island has recently upped its maritime hub marketing and now has a shipping cabinet position within government.

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.
Back to top button