Travelers, Europe

Travelers Europe today announced that it will apply to the Central Bank of Ireland for authorisation of a new, wholly owned insurance subsidiary incorporated in the Republic of Ireland.

19.12.2017 - 15:07:30

Travelers Europe to Create European Subsidiary in Dublin in Response to Brexit. Based in Dublin, this new subsidiary will enable Travelers to continue to seamlessly serve its customers and broking partners in Ireland and across Europe when the UK exits the European Union, as currently planned in March 2019.

The establishment of a new subsidiary in Ireland is subject to receiving all necessary regulatory approvals and to future regulatory developments.

This proposed plan will not affect Travelers’ significant UK-based operations, comprising its general insurance business (Travelers Insurance Company Limited) and Lloyd’s syndicate, which will continue to operate under existing UK licences.

About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $28 billion in 2016. For more information, visit www.travelers.co.uk.

@ businesswire.com

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