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Luxembourg allows UK insurers to serve EU clients post Brexit

Posted On: Mar. 28, 2019 6:18 AM CST

Luxembourg UK EU

Luxembourg's parliament has passed Brexit-related legislation under which U.K.-based insurers operating in the country will be able to serve European Union clients for 21 months in case of a hard Brexit, Luxembourg Times reported. Financial companies including insurers will not be considered as being from a third country outside the EU during the transition period.

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