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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: