(Bloomberg) – A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year.
Continue to service EU clients
Juan Franco of La Linea on the southern tip of the Iberian peninsula is inviting insurers based across the border in the British enclave to set up units in his municipality of about 63,000 people so they can continue to service EU clients. He's even offered to provide them office space.
“If necessary we could adapt the convention center to host the companies temporarily,” said Franco in a telephone interview. “Other measures can be explored in the longer term.”
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