FM Global gets Luxembourg license for post-Brexit hub

Mutual property insurer FM Global has won a license from
Luxembourg that will let it set up a new European hub in the Grand
Duchy as Brexit threatens to make a longtime base in London less
useful.
Luxembourg authorities at the Commissariat aux Assurances issued
the license to its FM Insurance Europe unit, the Johnston, Rhode
Island-based carrier said today. The office will be located at
Regus Kirchberg City Centre.
The nearly two-century old mutual chose Luxembourg as its new...