QBE European Operations has restructured its business in order to ensure continued access to the European single market following the UK’s withdrawal.
As of 1 January 2019 our post-Brexit strategy, as described below, has effectively preserved our ability to operate across the European Economic Area (EEA).
In June 2017 we announced our intention to create a new subsidiary in Belgium, and by doing so, we have ensured we can continue to enjoy passporting rights and continuity of service to our European policyholders, irrespective of the outcome of Brexit negotiations.
This development enables QBE to support customers and brokers across the EEA from our existing offices in eight continental European countries and also handle European business that is placed in the London market.
Our priority is providing certainty for our customers and our legal entity in Belgium ensures it is business as usual, with QBE continuing to operate from and across mainland Europe.
QBE has restructured its European business by consolidating our (re)insurance platforms in Europe into one Belgium-based (re)insurer, QBE Europe SA/NV (“QBE Europe”).
On these pages, you will find:
QBE was one of the first (re)insurers to receive approval for its post-Brexit subsidiary after its Brussels-based entity, QBE Europe SA/NV, was authorised by the National Bank of Belgium in May 2018. This authorisation was then followed up with publicly assigned Insurer Financial Strength ratings for QBE Europe of A+ (stable) from both Standard & Poor’s and Fitch and A from AM Best.
Our post-Brexit plans have been approved by the High Court and the Part VII transfers are underway. Irrespective of the outcome of the Brexit negotiations, our customers across the European Union can rest assured of an uninterrupted service.
We will continue to update this website as our plans develop.
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.