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Liberty Specialty Markets (LSM) has today announced that it intends to headquarter its post-Brexit EU operations in Luxembourg.
The move follows a detailed analysis of potential jurisdictions, with the aim of ensuring that LSM’s post-Brexit structure complements its European strategy. LSM will be seeking regulatory approvals to operate via an insurance company and insurance intermediary domiciled in Luxembourg, which together will enable LSM to continue to offer both Lloyd’s and Company paper from its offices throughout the EU and Switzerland. LSM will maintain its London headquarters. LSM is continuing to analyse potential structures for its new EU operation, and expects to make a further announcement about that to its clients and employees later this year.
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