EEA Risks After Brexit
Immediately after the Brexit referendum, we started making plans to ensure that, however Brexit was delivered, we’d be able to look after our clients and their brokers with EEA risks with as little disruption as possible.
In May last year we announced that we would seek to establish a new insurance company in Germany, Markel Insurance SE, able to handle EEA risks previously written on our London insurance company, Markel International Insurance Company and our Lloyd’s Syndicate 3000.
MISE is now capitalised, licensed, has A ratings from S&P and A.M. Best – the same as MIICL- and has written its first risks. We’ll also, of course, be able to write on LBS, the Lloyd’s Brussels platform but, for reasons of simplicity for our customers and their brokers, MISE will be the vehicle we will recommend for carrying EEA risks.
As part of Markel International’s Brexit restructuring plans, we have now completed the transfer of MIICL’s European business to MISE, so that the Markel International group can continue to service this business post-Brexit. You can see more details here
The links below will take you to much of the information you’ll want from us and this will be updated as more becomes available.
Do, please, get in touch with us at firstname.lastname@example.org if there are any other questions you have.
Lloyd's Part VII
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 https://www.lloyds.com/brexit-transfer.