News & Events

Brexit update

Friday, January 15, 2021

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 established Tokio Marine Europe S.A. (TME), headquartered in Luxembourg, for the purpose of underwriting EEA risks from 1st January 2019. 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.

HCCII may notify policyholders as appropriate, including via this website, to inform them of any steps or matters to be brought to their attention.

Should you have any questions, please contact us at [email protected].