Insurance Ireland Opens Brussels Office & Hires New Head of European Affairs and International Insurance

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Insurance Ireland Opens Brussels Office & Hires New Head of European Affairs and International Insurance

Insurance Ireland has announced the opening of a new Brussels office and the hiring of Florian Wimber as its Head of European Affairs and International Insurance.

  • Move reflects the importance of European Regulation for all aspects of insurance in Ireland & its position as a hub for international insurance
  • Kevin Thompson CEO of Insurance Ireland “There is a compelling strategic rationale to this development as it adds to our capabilities and extends our influence in Europe at a critical time. The Irish insurance industry needs to be close to European regulation and this move will allow us to punch above our weight

Kevin Thompson, CEO of Insurance Ireland stated, “Following our very successful merger, and in the context of Brexit, there is a compelling strategic rationale to this development as it adds to our capabilities and extends our influence in Europe at a critical time. The Irish insurance industry needs to be close to European regulation and this move will allow us to punch above our weight for all our members.

Kevin continued, “Given the importance of European regulation to all aspects of insurance in Ireland, establishing a permanent presence there has long been a strategic objective for Insurance Ireland. Our new Head of European Affairs and International Insurance has extensive experience of insurance in Brussels in particular around Solvency II. With major developments such as the Solvency II review, the ongoing review of the European Supervisory Authorities and the development of a Pan European Pensions Product (PEPP), the importance of the industry voice at every stage of the process is only growing. The office in Brussels will also allow Insurance Ireland to further develop our relationships with the European Commission, the European Parliament and EIOPA.”

Kevin concluded, “This move is part of an innovative strategy to develop the Irish insurance sector, its considerable contribution to the economy and its position as an international hub for insurance. The Irish cross border sector writes business into more than 110 countries with over 25 million customers. Total industry employment in Ireland is approximately 28,000 both directly and indirectly with one in four jobs in financial services being in insurance, so supporting and growing the sector internationally is vital to its future success.

Article Published: 08/04/2018