If you thought the talk about major insurance firms switching their business away from London and into the EU post-Brexit was just overblown hype – such as the report this morning that
more than 50 companies are considering a move - then you may have to re-evaluate if a recent report is to be believed.
The
Belfast Telegraph has published an article outlining that AIG has already contacted the Irish Government to ask about its perspective on a move of the company’s European headquarters away from London and across to Dublin.
The report claims that Sid Sankaran, the chief financial officer of AIG, Kevin Hogan, the firm’s consumer division chief executive, and Declan O’Rourke, head of the company’s operations in Ireland, collectively held a meeting with Michael Noonan, Ireland’s finance minister, last month.
It states that while the meeting was largely focused on political issues across the US and Europe, the executives did broach the possibility of moving its European headquarters across to Dublin and how the government of Ireland would respond.
Reportedly, Noonan was open to the suggestion and deemed AIG to be highly-regarded by regulators and the industry at large.
The reported talks would appear to back words from Anthony Baldwin, AIG’s European and UK chief executive, who has previously spoken about the possibility of Dublin being considered as the destination of a move.
Related stories:
Insurer says over 50 UK firms may move to Ireland post-Brexit
AIG may move headquarters out of London
