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Tokio Marine Group announces that it has started the process with the Commissariat aux Assurances (“CAA”) to apply for the regulatory approval to establish an insurance company in Luxembourg.
Through several of its subsidiaries, principally Tokio Marine HCC and Tokio Marine Kiln, the group has been active in the European Economic Area (“EEA”) for decades, offering first class services and insurance solutions to its international clients. This new insurance company will ensure that regardless of the potential outcome of the current Brexit negotiations, Tokio Marine will be able to continue servicing its clients in the EEA and offer a smooth transition.
Subject to regulatory approval, Tokio Marine is aiming to have the new insurance company incorporated...
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