XL Group Ltdhas announced its plans to move its principal European Unioninsurance company, XL Insurance Company SE, from the U.K. toIreland in 2018 in response to Brexit, subject to certainregulatory approvals.

Not new to Dublin

XL Group has had insurance operations in Dublin since 1990, when itopened its first European insurance company in the then brand newInternational Financial Services Centre. Today, XL Group hasinsurance and reinsurance operations as well as corporate functionsbased in its office at No. 8 St. Stephen’s Green, Dublin.

Dublin was also the domicile for XL Group’s parent companybetween 2010 and 2016 before its new holding company, XL Group Ltd,was formed in Bermuda following XL Group’s acquisition of Bermudabased Catlin Group Limited.

Continuity of service

Redomesticating XL Insurance Company SE to Ireland will allow XLGroup’s clients and brokers to benefit from continuity of servicethrough its branch network in Europe, which enables it to writebusiness in domestic markets as well as providing theinfrastructure for its Global Programs business.

“Since the referendum announcement we have been clear that ourtop priority is to provide certainty and consistency of service toour clients and brokers. Moving XL Insurance Company SE to Irelandmeans we deliver on that commitment,” CEO Mike McGavick said in astatement.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].