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What changes are being proposed?
AND-E proposes to transfer the registered office of its existing insurance company from the UK to Luxembourg. This will enable the company to continue to operate from its existing branches across Europe and from a new UK branch.
AND-E is also in the process of establishing a new insurance company in the UK with the intention that it will be the insurer of our new and renewing UK customers.
After the Brexit restructure the AND-E group will have two licenced non-life insurers:
• Aioi Nissay Dowa Insurance UK Limited in the UK (ANDI UK), and
• Aioi Nissay Dowa Insurance Company of Europe SE in Luxembourg (ANDIE).
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