AXA XL has concluded the transfer of its wholly-owned subsidiary, XL Insurance Company SE (XLICSE), to Dublin, Ireland from the UK, as part of its Brexit preparation plan.

XLICSE will operate as a wholly-owned subsidiary within the AXA XL division of AXA Group.

Operating through a global network of branches, subsidiaries and third-party partners, the Ireland-based firm will offer insurance products within Europe and Asia.

AXA XL CEO 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.”

Once, the UK leaves the European Union, AXA will manage its overseas risk and reinsurance through its Irish subsidiary.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In the UK, AXA XL retains XL Catlin Insurance Company UK, a UK-regulated insurance company, and its Lloyd’s of London operations (Syndicates 2003 and 3002).

Recently, AXA unveiled plans to transfer some of its employees from the UK and France to its new base in Ireland.

AXA XL Insurance provides professional, property & casualty, financial lines and specialty insurance solutions to mid-sized companies across the globe.