Finance: goodbye City, hello Dublin

HANNAH MCKAY

Members of a backpipe band participate in the St. Patrick's Day Parade in London, Britain, 15 March 2015. St. Patrick's Day is a bank holiday in Ireland and North Ireland to honour Patrick of Ireland who was the first Christian missionary in Ireland.

Insurance and asset management will spearhead the exodus, but banking is said to follow


U.S. insurer AIG is considering a move of its headquarters from London because of Britain's vote to leave the EU, according to the company’s Chief Executive Anthony Baldwin on Tuesday.

AIG said they would move to another EU state. AIG employs a 2,500 strong workforce in London. How many of these jobs would go in case of a move is not clear.  What is clear is that Dublin is the destination being considered for relocation by AIG.

Lloyds, Hiscox, Beazley, and Admiral are also eyeing Dublin in...


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