Major insurer chooses Cyprus for its European business

October 8, 2020

Steamship Mutual, one of the most important Protection and Indemnity insurers globally, has chosen Cyprus for the base of its European business, with an office in Limassol officially opened on Tuesday.

“We came to Cyprus because we need an office within the EU post Brexit,” Rupert Harris, Chief Executive SSM Europe & Head of Reinsurance explained to the Cyprus Mail in an interview.  “EU-based members’ business will be renewed in this entity, and arrangements with relevant third parties will also be transferred.”