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Admiral Insurance Gibraltar News

23.01.2020 News

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

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

Disclaimer:
This document has been issued on the 23th Jan 2020 by Triay Lawyers Limited, trading as Triay Lawyers, a Gibraltar private company limited by shares with registered office at 28 Irish Town, Gibraltar, GX11 1AA and with incorporation number 112599. The information in this document is for general information purposes only and does not constitute professional advice, legal or otherwise and does not intend to be comprehensive. Triay Lawyers does not accept responsibility for any loss that may arise from accessing or relying upon the information contained in this document.

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