Dublin News

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …

Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters

Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the EU. Following discussions with the Central Bank of Ireland, …

Travelers Selects Dublin For EU Subsidiary After Brexit

U.S. insurer Travelers Cos. Inc. said on Tuesday its European arm will create a subsidiary in Dublin in response to Britain’s vote to leave the European Union. The company said it would apply for authorisation of a new, wholly owned …

UK P&I Insurer Chooses Dublin as EU Headquarters After Brexit

British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for Ireland in two days. …

UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub

British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a move. Insurers are making …

Dublin Attracts Wave of U.S. Financial Services Firms Seeking Post-Brexit EU Hubs

American direct investment in financial services that would normally head for Britain will be diverted in part to Dublin because of Brexit, Ireland’s financial services minister Michael D’Arcy said on Friday [Nov. 10]. Dublin’s financial services sector is being boosted …

BHSI Opens Dublin Office, Names MS Amlin’s McNamara to Head Operations

Berkshire Hathaway Specialty Insurance Co. (BHSI), announced it has established a new office in Dublin and appointed Cormac McNamara as Property & Casualty manager, BHSI Ireland. “Cormac will build our local team and lead our efforts to bring all of …

Beazley Launches Dublin-Based Insurer to Write Non-Life Insurance in EU

Specialist insurer Beazley has received authorization from the Central Bank of Ireland to convert its established Dublin-based reinsurance company into an insurance company permitted to transact business throughout the European Union. Beazley explained that its strategy to write EU non-life …

The Hanover & Chaucer Launch Dublin-Based International Specialty Insurer

The Hanover Insurance Group, Inc. and its subsidiary, Chaucer, announced that they will form a Dublin-based company, Chaucer Insurance Co. DAC (Chaucer Dublin), to write international specialty insurance business. The Central Bank of Ireland has approved the new venture. “Chaucer …

FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub

U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave the bloc, the company said …