Marine insurer to open unit in Netherlands post Brexit

Posted On: Jan. 31, 2018 4:53 AM CST

Marine insurer The Steamship Mutual Underwriting Association (Bermuda) Ltd. plans to open a new unit at Rotterdam, Netherlands, following the United Kingdom's decision to leave the European Union, Hellenic Shipping News Worldwide reported. The insurer will provide cover to firms within the European Economic Area. Meanwhile, Armand Pohan, chairman at Steamship Mutual, said that the club received its license to operate in Singapore in December 2017.