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Aspen to set up Irish unit, readies for Brexit

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Bermuda-based Aspen Insurance Holdings Ltd. plans to set up an Irish subsidiary to serve clients in the European Economic Area post Brexit, The Irish Times reported. Aspen, which currently has an operation in Dublin, has applied to the Central Bank of Ireland for authorization. Mike Cain, chief executive of Aspen Insurance UK Ltd., said that the insurer will use Aspen Ireland as well as Lloyd's of London's unit in Belgium to serve its clients and brokers post Brexit.

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