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EEA policyholder notification post Brexit

Following the United Kingdom’s (UK) departure from the European Union (EU) and the end of the transitional period on 31 December 2020, UK-based insurers are no longer authorised to operate within the EU including by a mechanism known as passporting.

To ensure continuity of access across the European Economic Area (EEA), Tokio Marine Kiln:

  • Established Tokio Marine Europe S. A. based in Luxembourg together with Tokio Marine Houston Casualty Company.
  • Entered into arrangements with Lloyd’s Insurance Company based in Belgium to underwrite business on an outsourced basis.

Most but not all of our existing European business was transferred by means of a Part VII transfer process to these two platforms. 

Most European business which did not transfer to one of the two aforementioned platforms is now in the process of an orderly run-off. This includes open claims of Tokio Marine Kiln Insurance Company (TMKI) and life business underwritten by syndicate 308 at Lloyd’s. We will honour our obligations to our clients, including providing coverage through to term for the latter.

TMKI is now utilising a number of run-off regimes for UK-based insurers established by European states. Syndicate 308 is similarly utilising such regimes as available to Lloyd’s of London