Lloyd’s Part VII Update
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at lloyds.com/brexittransfer
In September 2017 Tokio Marine Group announced the regulatory approval process had begun to establish an insurance company in Luxembourg. Regulatory approval was then granted by the Luxembourg regulator, the Commissariat aux Assurances (CAA) and the Japanese Financial Services Authority in May 2018. The company will ensure that Tokio Marine Group will be able to continue servicing its clients in the European Economic Area (EEA) and offer a smooth transition of business as of 1 January 2019. The new operation, Tokio Marine Europe S.A.(TME) will have several branches across the European Union (EU) and will principally operate as a HCC International Insurance Company Plc (HCCI) subsidiary in partnership with Tokio Marine Kiln (TMK).
Our main aim is to maintain "business as usual", contract certainty and coverage continuity.
With this new arrangement in place we are confident that we will be able to continue servicing all our brokers and clients irrespective of the outcome of the Brexit negotiations.
This website gives you information about our plans for handling Brexit, including copies of documents associated with the legal processes, FAQs to help answer your pressing questions and latest news.
We will continue to provide regular updates to ensure that the information you receive is up to date at all times.