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Ship Insurance: Dublin to Become Hub for 40% of Business After Brexit

18th February 2019
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The Standard Club chooses Dublin (port above) for strong talent pool and proximity to UK, EU and US. The ship insurer generates about $290m of premiums annually. The Standard Club chooses Dublin (port above) for strong talent pool and proximity to UK, EU and US. The ship insurer generates about $290m of premiums annually. Photo: Frank Miller/The Irish Times

#dublinport - Ship insurer Standard Club based in the UK, estimates that about 40% of its business will be written through its new Dublin unit, which has been set up to allow the business to continue to service customers in the European Economic Area (EEA) in the wake of Brexit, according to its chief executive.

The Standard Club’s chief executive, Jeremy Grose, has told The Irish Times that the insurer currently generates about $290 million (€257.3 million) of premiums annually.

“Dublin was a natural choice for the Standard Club, particularly [given] the shared professional values, shared language and convenience from the UK, mainland Europe and east-coast USA,” Mr Grose said. “On top of that, there is an established insurance market in Dublin with a strong pool of talent to recruit from.”

For more on the Irish Times story click here. 

Published in Dublin Port
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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