AXA XL today announced that it has completed the transfer of its European Union (“EU”) insurance company, XL Insurance Company SE (“XLICSE”), from the UK to Dublin, Ireland.
XLICSE is a wholly owned subsidiary within the AXA XL division of AXA Group providing insurance within Europe and Asia operating through an international network of branches, subsidiaries and third-party partners.
Commenting on the announcement, AXA XL’s Chief Executive Officer, Greg Hendrick, said: “The completion of the transfer ensures that XLICSE can continue to work with clients and brokers to offer solutions for business that would otherwise potentially be disrupted by the UK leaving the EU. Today’s successful transfer is a culmination of the extraordinary efforts of my own colleagues and the diligence and expertise of those at the Central Bank of Ireland.”
In the UK, AXA XL retains XL Catlin Insurance Company UK Limited (XLCICL), a UK-regulated insurance company, and its Lloyd’s of London operations (Syndicates 2003 and 3002).
ABOUT AXA XL1
AXA XL1 provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
ABOUT AXA XL1 INSURANCE
AXA XL1 Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
1AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. The integration project related to the activities of AXA Corporate Solutions, AXA Matrix, AXA Art and XL Catlin will be subject to legal and social validations prior to its implementation.