QBE to apply for European licence outside the UK

Brexit balls

Although the destination - a country where QBE already operates - has not been confirmed, the move, expected by the end of this year, will have an impact on QBE Insurance Europe, QBE's reinsurance arm and the firm's Lloyd's businesses. Marty Becker, chairman of Sydney-headquartered QBE, commented at the insurer's AGM this week: “We are well-advanced with our plans and negotiations for the establishment of a new location for our EU business, and expect to have a solution in place for 2018 ren