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.