Pioneer’s Brexit Solution
In preparation for Brexit, Pioneer has developed a robust solution which will position us to continue to trade, regardless of the Brexit outcome.
Through our London office and a newly established subsidiary in Brussels, Pioneer Underwriters Europe S.A (“Pioneer Europe”), we are able to continue to service European Economic Area (“EEA”) domiciled insureds as well as insureds outside the EEA that have exposures in the region. Pioneer Europe is an authorised and regulated insurance and reinsurance agent in Belgium with relevant EEA passporting rights.
Pioneer is utilising the Lloyd’s Brexit model, which involves having EEA exposed business underwritten by Lloyd’s Insurance Company S.A. (“Lloyd’s Brussels”). Our Brexit solution provides clients with the same highly rated Lloyd’s capacity that they are used to, ensuring continuity for both our clients and brokers.
Should you have any further questions regarding our Brexit solution please do not hesitate to contact us at europe@pioneeruw.com
Lloyd’s Brussels – Part VII Transfer
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 lloyds.com/brexittransfer.