AM Best Opens New Office in Amsterdam, the Netherlands
AM Best second European office based in Amsterdam
AM Best, the global credit rating agency and information provider with a unique focus on the insurance industry, will formally open its second European office, located in the City of Amsterdam on 7 March 2019. AM Best, which rates more than 3,500 companies in over 90 countries, currently has regional offices in London, Hong Kong, Singapore, Dubai and Mexico City, with its world headquarters in the United States. Last year, the specialist insurance sector rating agency, already announced plans to establish a new office in Amsterdam as part of its Brexit contingency plan.
Amsterdam office support AM Best’s growth strategy post-Brexit
Nick Charteris-Black, managing director, market development for Europe, Middle East and Africa at AM Best said: “We are excited to be in Amsterdam. This new office in the Netherlands supports our growth strategy to provide rating services for the (re)insurance industry in Continental Europe. AM Best was drawn to Amsterdam for a variety of reasons, including its well-established financial centre, strong pool of talent and good transport links to the key European locations where our clients are based. This also brings a successful conclusion to our planning for Brexit to provide ongoing services to our EU 27 clients.”
Further proof the Netherlands is very attractive for global businesses
Jeroen Nijland, Commissioner at the Netherlands Foreign Investment Agency (NFIA), from the Dutch Ministry of Economic Affairs, welcomed AM Best to Amsterdam. He said: “I am delighted that AM Best has chosen to set up its operations in the Netherlands and house its European facility here. AM Best selecting the Netherlands is further proof that our country is very attractive for global businesses operating at the forefront of information and technological developments. We are located in the heart of Europe, have great access to an English-speaking talent pool, and excellent international digital and transport connections. With uncertainty due to Brexit, we welcome companies looking for an alternative and stable location as their new business base.”
Source: AM Best5 March 2019