Admiral Insurance Gibraltar News

Admiral Insurance Gibraltar News

Protecting Admiral Insurance’s EU-based policy holders from Brexit

Triay & Triay have recently assisted and advised Admiral Insurance (Gibraltar) Limited (AIGL) in its successful application for the transfer of two of its portfolios from Gibraltar to a newly licensed Spanish entity. The application to the Gibraltar Financial Services Commission involved coordinating with numerous European jurisdictions and regulators in order to comply with the rules and regulations in the relevant jurisdictions to facilitate the smooth transfer.

The transfer was conceived following the Brexit vote and carried out to ensure that all of AIGL’s EU policy holders were protected following the UK’s decision to leave Europe.

“Triay and Triay provided Admiral Group PLC with excellent and diligent support during our portfolio transfer process” – Hedley Walls, Group Head of Risk @ Admiral Group

The Triay & Triay team was led by senior associates Javi Triay and Jay Gomez.