50 financial firms choose Luxembourg as post Brexit EU hub

Posted On: Mar. 13, 2019 5:43 AM CST

Pierre Gramegna, Luxembourg's finance minister, said that about 50 financial firms including insurers from across the world are setting up operations in the country to maintain access to European Union clients post Brexit, Bloomberg reported. The list of insurers includes American International Group Inc., U.S.-based FM Global Holdings Inc., U.K.-based RSA Insurance Group P.L.C., and Hiscox P.L.C. among others.