Relocating firms boost premium income in the city by 45%
Insurers and reinsurers moving to Dublin boosted GWP by 45% the annual survey of the Dublin International Insurance & Management Association (DIMA) will today say, the FT reports.
Relocating firms helped the city’s gross premium volumes grow to €26.2bn from €18bn in 2007,
Sarah Goddard, chief executive of DIMA says Dublin now threatens to rival Lloyd’s and Bermuda.
New companies moving to Dublin
“Despite the general turmoil last year in the international financial services sector, reinsurance substantially has proved resistant to the tribulations affecting other areas and shown its overall resilience as an industry,” said Goddard.
“We continue to see new companies set up operations in Dublin, and the majority of companies already established here expect to see growth in their business over the course of this year.”
