EuropeFinance and Insurance

UK P&I Club opts for Rotterdam as post-Brexit base

Another big name in British ship insurance is making Brexit relocation plans. The UK P&I Club has revealed to Reuters it is setting up a subsidiary in Europe’s largest port city, Rotterdam, to ensure it can continue to trade in the European Union after the UK leaves the trading block next March.

An initial staff headcount of six to eight could rise depending on how the business fares, the club’s CEO, Andrew Taylor, told Reuters. The office opening still needs regulatory approval.

Other British P&I Clubs have been setting up European bases in recent months as the Brexit deadline looms. Steamship Mutual has also opted for Rotterdam with others choosing Ireland, Cyprus and Luxembourg.

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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