(Adds CNA Hardy, QBE Insurance Group)
June 6 (Reuters) - QBE Insurance Group QBE.AX will set up a subsidiary in Brussels and CNA Hardy has chosen Luxembourg for one, the two companies said on Tuesday.
Insurers are setting up regulated EU subsidiaries in case Britain does not have access to the single market after Brexit so as to allow them to continue to operate across the bloc.
Below are insurers' plans for EU subsidiaries (in alphabetical order):
ADMIRAL
British motor insurer Admiral Group Plc ADML.L said last year it could move its European business to Ireland or another country. It said earlier this year it was looking at a large number of locations and expected to make a decision within two months. insurer AIG AIG.N said in March it will set up a European subsidiary in Luxembourg, in addition to its European headquarters in London. AV.L is converting its Irish life and general insurance branches to regulated subsidiaries to meet the needs of its Irish insurance customers after Brexit. of London insurer Beazley Plc BEZG.L said last year it had filed an application with the Central Bank of Ireland to get approval for its Irish reinsurance business to become a European insurance company. The firm said in February it will hire additional staff in Ireland. Plc CSN.L , an insurance-focused takeover specialist, already has an insurance company in the Netherlands but could move its headquarters there, depending on the regulatory environment in Britain after negotiations to leave the EU. HARDY
CNA Hardy will set up a new European subsidiary in Luxembourg to allow it to operate across the EU after Britain leaves the bloc, the specialist commercial insurer, which is part of CNA Financial Corp CNA.N , said. GLOBAL
U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain's decision to leave the bloc, it said last month. of London underwriter Hiscox Ltd HSX.L will establish a new subsidiary in Luxembourg to underwrite its retail business in Europe, it said in May. LRE.L said in May it has options to write EU business out of its Bermuda headquarters or via Lloyd's of London's SOLYD.UL Brussels base. The insurer added it was in no hurry to set up a EU base and saw itself staying in Britain for the foreseeable future. & GENERAL
British insurer Legal & General LGEN.L said in May it would move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit. OF LONDON
Lloyd's of London, an integral part of the British business scene since the 17th century, has chosen Brussels as the site for its EU subsidiary, it said in March. insurer Markel MKL.N plans to apply for regulatory approval to set up a European Union subsidiary in Munich. AMLIN
Japanese-owned insurer MS Amlin operates under the "Societas Europaea" structure. That makes it relatively easy to move to a different EU jurisdiction if needed, subject to regulatory approval.
NEON
Neon Underwriting Ltd may set up a Dublin business to sell insurance policies throughout the EU if Britain loses access to the single market, chief executive of the specialist Lloyd's of London insurer said in December. Insurance Group QBE.AX will set up a subsidiary in Brussels to preserve its ability to operate across the EU, the Australian business insurer said. LONDON
British life insurer Royal London Mutual Insurance Society plans to turn its Irish business into a regulated subsidiary, it said in March. is planning a subsidiary in Luxembourg to act as the headquarters of its EU operations following Britain's decision to leave the bloc. It said it chose Luxembourg because it had "multi-national expertise", was "strategically located within RSA's existing EU branch network" and had an experienced regulator. LIFE
British insurer and asset manager Standard Life SL.L said in May it was likely to choose Dublin for its EU hub. CATLIN
Bermuda-domiciled insurer XL Catlin XL.N said its UK business XL Insurance Company SE has branches across Europe and also operates under the "Societas Europaea" structure.