Commercial and residential buildings stand along the waterline at the base of the rock of Gibraltar in Gibraltar, U.K. There are more than 60 insurance companies operating out of Gibraltar who could benefit from setting up units on the Spanish mainland. (Photo: Luke MacGregor/Bloomberg)
(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.
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