Insurers cannot get round Brexit with ‘brass plaques’ – CBI

Firms will need a substantial presence in Ireland to sell into single market, says regulator

Central Bank of Ireland
The Central Bank of Ireland wants decision-makers to be based locally

British insurers looking to sell from Ireland into the European Union if the UK loses access to the single market will need more than a token presence in the country to do so.

"A brass plaque and an office manager based in Ireland" will not constitute an Irish entity, said David Cobley, head of actuarial, analytics and advisory services in the insurance directorate at the Central Bank of Ireland: "We want to see key decisions being taken in Ireland – leadership within Ireland."

Cobley was speaki