Beazley to establish European subsidiary in Ireland
Reprints
Andrew Horton, CEO of U.K.-based insurance underwriter Beazley P.L.C., said that the company plans to establish a European subsidiary in Dublin, Ireland, following the Brexit vote, The Irish Times reported citing Reuters.
"We're expecting to add jobs in Dublin because it will need more people to manage a live insurer than a reinsurer," Mr. Horton said.
The company sees "significant" growth opportunities in the United States and other markets outside London.
Meanwhile, Beazley reported a 3% rise in pretax profit to nearly $300 million in 2016.
