Chubb European Group has just announced that it has moved its whole business from London to France, effective January 1, 2019.
The company’s decision was approved by regulators last year and it provides Chubb’s clients with uninterrupted service regardless of the outcome of Brexit negotiations between the UK and the European Union.
David Furby, Regional President, Chubb European Group, commented:
Chubb has focused on delivering clarity, continuity of service and certainty for our customers, brokers and other partners, regardless of the final outcome of Brexit. We’re pleased that the redomicile of Chubb European Group’s businesses to France has been completed as planned.
Both Chubb European Group SE and ACE Europe Life SE now operate under the supervision of the French regulator ACPR: 4 Place de Budapest, CS 92459, 75436 PARIS CEDEX 09 and operate in the UK – until further notice – as a passported EEA branch. Both entities are subject to regulation by the Financial Conduct Authority in the UK.