On 31 December 2020 the Transition Period, during which the UK was treated as still forming part of the European Union, expired.  Following the expiry of the Transition Period, a UK insurer is no longer entitled to passport its UK regulatory authorisation into EEA Member States. Tokio Marine HCC (TMHCC) planned for this eventuality and both its company business and its Lloyd’s syndicate business took steps to ensure they can continue to meet their obligations to EEA policyholders.

Company Business

Tokio Marine HCC established Tokio Marine Europe S.A. (TME), headquartered in Luxembourg, for the purpose of underwriting EEA risks from 1st January 2019. TME is able to underwrite business on both a Freedom of Establishment and Freedom of Services basis. In respect of the former, TME has branches in the following locations:

  • Belgium
  • Denmark
  • France
  • Germany
  • Ireland
  • Italy
  • Netherlands
  • Norway
  • Spain

EEA business previously written by HCC International Insurance Company plc (HCCII)’s European branch network was also transferred to TME on 1st January 2019. In respect of residual EEA policies written by HCCII under Freedom of Services from the UK prior to 31 December 2020, different measures will be applicable in different EEA states in relation to the seamless continuation of the administration of these policies.  HCCII will ensure that it meets it obligations under these policies. For further details, please see the letters to HCCII’s EEA policyholders.

If you have any questions or concerns, please contact us by email: [email protected]

Lloyd’s Syndicate Business

On 30th December 2020, following approval from the High Court of England & Wales, Lloyd’s transferred certain EEA insurance policies to Lloyd’s Europe. Included within this transfer were EEA policies of HCC Underwriting Agency Ltd (Syndicate 4141). The transfer does not change terms and conditions of any policy, except that Lloyd’s Europe has become the insurer and Data Controller in respect of the transferred policies. Further information about the transfer can be found at