Reinsurance
Product Family
Claims
Services
Services
Services
Risk Consulting
Resources & Tools
Resources and Tools
Get In Touch

Brexit

In September 2017 XL Group announced its plans to move its European insurance carrier XL Insurance Company SE (“XLICSE”) from the UK to Ireland in response to Brexit, subject to regulatory approvals. XLICSE completed its relocation to Ireland on January 18, 2019.

Moving XLICSE to Ireland allows its clients and brokers to benefit from continuity of service through the XLICSE branch network in Europe, which enables it to write business in domestic markets as well as providing the backbone of its Global Programs infrastructure.

The Group is also planning to move its main European service company, XL Catlin Services SE (“XLCSSE”), to Ireland as part of its Brexit planning.

XLICSE move

XL Group has had insurance operations in Dublin since 1990, when it opened its first European office and in 2006 it established XL Re Europe, which remains an Irish domiciled reinsurance company. Dublin was also the Group’s domicile between 2010 and 2016 before moving to Bermuda following the Group’s acquisition of Catlin Group Holdings which was already based in Bermuda. Today the Group has insurance, reinsurance and corporate functions based in its office at No. 8 St Stephen’s Green, Dublin.

The XL Group was acquired by AXA on September 12, 2018 and is now a division of AXA known as AXA XL.

XLICSE is a significant, wholly owned subsidiary within AXA XL and provides a major insurance platform for AXA XL in Europe and Asia, operating through a network of branches, affiliates and third party fronting partners. It currently has branches across Europe in Austria, France, Germany, Ireland, Italy, Netherlands, Spain, Switzerland, Sweden and in the Asia Pacific region writing insurance business.

In the UK, AXA XL will retain XL Catlin Insurance Company UK Ltd, a UK regulated insurance company, and its Lloyd’s operations (Syndicate 2003 and 3002).

XLCSSE move

The Group moved its main European service company, XL Catlin Services SE (“XLCSSE”), to Ireland as part of its Brexit planning on October 25, 2019 following the completion of the necessary corporate and regulatory formalities.

XLCSSE is an intragroup service company, wholly owned within AXA XL. It provides services primarily to companies within AXA XL, including the provision of intermediary services to XLICSE. XLCSSE operates through its head office in Ireland and it has branches in Austria, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, Spain, Sweden, Singapore, the UK, Mexico and Switzerland. Moving XLCSSE to Ireland has enabled it to continue servicing its key European intragroup companies.

Frequently Asked Questions

Please see below a link to Frequently Asked Questions related to Brexit including but not limited to information on changes to regulatory permissions and what it means for you, general information on the proposal and information related to the Financial Services Compensation Scheme
Click here

Insurance Guarantee Schemes

Please see the link below to an EIOPA discussion paper on Insurance Guarantee Schemes which contains a summary of the various national schemes, dated July 2018.
Click here

Proposal & Explanatory Reports

XLICSE move to Ireland:
Transfer Proposal
Explanatory Report

XLCSSE move to Ireland:
Transfer Proposal
Explanatory Report

Press Releases

September 2017 - Announcement of move to XLICSE to Dublin

March 2018 - XL Catlin introduces innovative Brexit continuity clause

September 2018 - Authorisation in Principle of the XLICSE move from the CBI

January 2019 - AXA XL Completes Transfer of XL Insurance Company SE To Dublin

Talk with us
We can match you with the perfect person for your specific needs.
Enter your First Name
Enter your Last Name
Enter your valid Email ID
Select your country
Select What best describes you