AXA XL that it has obtained authorisation in principle to move XL Insurance Company SE to Ireland from the UK in advance of March 29 2019 when the UK is due to leave the EU. This move will ensure that XLICSE can continue to work with clients and brokers to offer solutions for business that would otherwise potentially be disrupted by the UK leaving the EU. 
 
The company believes this move will ensure that XLICSE can continue to work with clients and brokers to offer solutions for business that would otherwise potentially be disrupted by the UK leaving the EU.
 
Speaking this week, CEO of IDA Ireland, Martin Shanahan said, "Ireland has the right mix of regulation, skills, and expertise to make it a very logical place for financial services companies to locate. More than 40 companies have announced their intention to set up or expand in Ireland as a result of Brexit in order to service their clients."

He added, "Ireland remains stable and consistent in policy terms, which is a major advantage when it comes to attracting FDI investment. This is another vote of confidence in Ireland and its expanding international financial services sector."

Source: www.businessworld.ie