Chubb says it will relocate its European Union headquarters to France if the UK leaves the EU as anticipated in March 2019. 

France is a logical choice for Chubb. It is already home to the principal office for its continental European operations, and it has significant financial investments and human resources there.

The insurer also has a large portfolio of commercial and consumer business in France and an understanding of how the market is regulated.

Chairman and CEO Evan Greenberg says France is “a clear choice”.

“Our many years of experience in the French market and working closely with the French regulators gives us great confidence in making this decision and reinforces our commitment to our staff, clients and distribution partners in both France and across the continent,” he said.

The French Government’s offers of help and co-operation further influenced the decision.

Chubb will continue to have a substantial presence in London post-Brexit, in addition to other offices and operations across the UK and EU.