Sharon Daly, Darren Maher and April McClements discuss Ireland's thriving domestic and international insurance industry, which includes life, non-life, captive, reinsurance and intermediary activities. It is a leading jurisdiction for domiciling head office insurers targeting the EU/European Economic Area (EEA) markets. Since 2008, several overseas insurance and reinsurance groups have relocated to Ireland, including Beazley Group plc, XL Capital Limited, Willis Group Holdings Limited and Zurich. Others have restructured to underwrite their "Europe ex¬ UK" business from Ireland. These groups have been motivated by a number of reasons, including Ireland's low corporation tax rate of 12.5% and well-established prudential regulation.
This article was first published in the PLC Multi-Jurisdictional Guide to Insurance and Reinsurance 2015 / 16.
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