The move is a response to a changing European regulatory climate and the more stringent demands that insurers will face under the Solvency II regime due to start in 2016.
A final decision has yet to be taken by club directors headed by chairman Johan Hagn-Meincke of the Clipper group, but the principle of moving the domicile was agreed at a board meeting in Hong Kong and that it will be put to members for approval.
The
