North’s post-Brexit Irish subsidiary up and running

North’s post-Brexit Irish subsidiary up and running

North P&I has become the first UK P&I Club to confirm post-Brexit trading arrangements. Its subsidiary in Ireland, North of England P&I DAC, has received authorisation as a non-life insurance business from the Central Bank of Ireland (CBI).

The move will allow North to continue its European operations after the expected loss of existing EU financial services passporting rights if the United Kingdom leaves the EU on March 29 this year.

Most other UK-based P&I clubs have made similar arrangements at countries across Europe as Brexit looms.

From February 20, North’s members and policyholders with an European Economic Area (EEA) place of management will be insured by North of England P&I DAC and all documentation for EEA insurance business – including certificates of entry and blue cards – will be issued and administered by that company. This will apply to all classes of business previously underwritten by North and its subsidiary Sunderland Marine, including P&I, FD&D and hull. Members and policyholders with a non-EEA place of management will continue to be insured by North and Sunderland Marine.

Paul Jennings, North’s CEO, commented, “As the first UK based P&I Club to confirm its post-Brexit trading arrangements, I am confident that this new subsidiary will continue to build upon our long tradition of delivering excellent service to our members around the world.”

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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