Swiss Re opened a new subsidiary in Luxembourg. Named Swiss Re Capital Markets Europe, the new structure will ensure the continuity of the group's activities within the European area after Brexit [4], scheduled for 29th, March 2019.
Created by Swiss Re Corporate Solutions, a company dedicated to commercial risks, the new entity- to be led by Stuart Brown- will specialize in weather and energy risks.
In anticipation of Brexit, 11 insurance and reinsurance companies have transferred or set up their European base in Luxembourg.