Travelers Europe has secured a licence from the Central Bank of Ireland for its newly established Irish subsidiary in order to ensure uninterrupted services to its clients and broking partners even after Brexit.

The licence will enable Travelers Insurance Designated Activity Company (Travelers Insurance DAC) to operate in Ireland as well as across Europe.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Travelers Europe CEO Matthew Wilson said: “During the Brexit negotiations, our priority has been to ensure that we are positioned to continue meeting the needs of our policyholders who have assets and business across Europe.

“The authorisation of our subsidiary means it will be business as usual for our customers and brokers, and we will continue to deliver the expertise they have come to expect from Travelers.”

The new Irish subsidiary will be headed by CEO James Liston.

Travelers Europe has been managing general insurance operations in Ireland for over two decades. The company said that it will use its existing branch resources to ensure smooth operations of its 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.

Travelers’ operations in UK, which includes its general insurance business (Travelers Insurance Company) and its Lloyd’s syndicate, will continue to work under existing UK licences.

Travelers Europe said that business will be transferred from its UK subsidiary to Irish business as per the requirements to ensure a hassle-free transition for customers and brokers.

The Irish subsidiary is scheduled to start writing business by the end of March this year.

Travelers Europe operates as a division of The Travelers Companies, a US-based provider of property casualty insurance for auto, home and business.