trending Market Intelligence /marketintelligence/en/news-insights/trending/kyVIxS4XeRRwjm2XHS8GKQ2 content esgSubNav
In This List

Royal London to domicile new unit in Ireland due to Brexit, says CEO Loney

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Royal London to domicile new unit in Ireland due to Brexit, says CEO Loney

Royal London Mutual Insurance Society Ltd. will turn its operations in Ireland into a subsidiary due to the U.K.'s decision to leave the European Union, CEO Phil Loney told Reuters.

The U.K.-based insurer, which has a business in Ireland, reported operating profit before tax for 2016 on a European embedded value basis of £282 million, up from £244 million in the year-ago period.

Meanwhile, Lloyd's of London disclosed plans to establish a new European insurance subsidiary in Brussels because of Brexit.